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Mobile Banking Set To Increase By 2010 - 01-08-2008

By 2010, 35 percent of online banking households will be using mobile banking, up from less than 1 percent today according research firm Celent.

Mobile banking will be appealing to 18- to 25-year-olds, or Generation Y. They will be early adopters of mobile banking with 40 percent indicating that mobile services will be a factor in their choice of bank.

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