It's no doubt that money movement and payments are growing in the mobile channel. In fact, check deposit is used by 25% of active mobile banking end-users, and 10-12% of active users take pictures of bills to make payments every month.
Here are four strong examples of real people moving money and making payments inside mobile banking: Mobile check deposit – depositing a check via the camera; mobile photo bill pay – paying a bill via the camera; person-to-person (P2P) payments – paying friends using mobile banking; and card management – managing a debit card's activation, deactivation, limits, etc. in mobile banking.
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