The Business Times
business-time-50

Mobile devices more popular than computers among Singaporeans

But lenders are not using mobile banking "as effectively as a sales tool, particularly for high-margin products"

google-preferred-sourceAdd BT as a preferred source
Published Tue, Feb 3, 2015 · 09:50 PM

    Singapore

    RETAIL banking through mobile devices has swiftly overtaken Internet banking as the main form of digital interaction for consumers in Singapore, a recent Bain & Company study suggested.

    But whether banks are making money through this channel is less clear. Lenders here are not locking in mobile-banking users who are shopping for specific products.

    DBS

    TRENDING NOW

    Tan Boon Liat Building is an industrial warehouse and showroom landmark located at the crossroads of Outram Road and Zion Road.

    Tan Boon Liat Building sold en bloc to Kingsford Group at lower reserve price of S$950 million

    Employees may grumble about long hours, difficult clients or demanding deadlines, but often the biggest push factor is how they are treated.

    What makes a good job? Feeling that you matter

    Weak sales at the two department stores dragged down group revenue, said Metro.

    Metro to close department stores in Paragon, Causeway Point after leases expire

    Bank of China has established a new channel for overseas institutions to access China’s bond market.

    Bank of China approved by MAS as a primary dealer

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More