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Research Reveals Untapped Market for Mobile Banking Among Offline Consumers

Many institutions have implemented mobile banking as an extension of their online channel. But customers must be enrolled in online banking before they can access the mobile channel. This approach overlooks an important segment of the banking public: the estimated 55 million non-online banking households in the United States. Results in this research paper suggest that financial institutions should pay more attention to this consumer segment as a potential target audience for mobile banking services.

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