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Visa – The race to manage your money is on… the smarter the better

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Last June, at Money20/20, we published our inaugural “Mobile Banking App Review”, a comprehensive benchmark of UK mobile banking and finance apps. Mobile banking has been growing exponentially with the latest statistics from UK Finance showing 41% of adults are using their mobile for banking services and a further study by Ofcom found 84% of all adults agreed online banking has made their lives easier. Furthermore, with the implementation of PSD2 on 13th January, open banking is finally gaining momentum and we are starting to see providers introducing new account information services for users, most of these neatly packaged in the mobile app.

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