| By Jim Bruene on January 1, 1998 7:40 AM | Comments (0) |
Worldwide online base reaches 100 million
Those of you involved in this industry for many years know how slow it has been to take off. It took nearly a decade and a half for online banking to achieve a 1% penetration rate of U.S. households, an event that occurred in early 1996. Fast-forward another 18 months, and we’ve climbed to a 4% to 4.5% household penetration according to the latest research from CyberDialogue/FIND/SVP and American Banker/Gallup.
But that’s about to change. For the next three years, we expect online banking and bill payment usage to increase by 4-5 million households per year, hitting 22 million (+/- 4 million) within 48 months. After that, growth will slow, but continue to climb to 42 million (+/- 8 million) by the end of next decade.
Most Recent Posts:
v2.gif)
Leave a comment