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Mobile banking increases but many feel apathy towards adoption Indifference, more than anxiety, now the bigger threat to growth MOBILE advertising network BuzzCity said more than 83.3 billion ad banners were served across its entire network in the first quarter of 2014, a 15% growth from the previous quarter, and added that mobile banking is seeing increasing adoption but is going through a stage of apathy amongst users.   The company recently released its latest quarterly report on the mobile

Internet. The report includes a spotlight on mobile banking adoption and reveals mobile users’ attitudes towards mobile banking, it said in a statement.   Approximately 65% of its ad banner traffic was delivered to viewers on mobile sites, with the remaining 35% on to mobile applications.   In the first quarter of 2014, mobile advertising in Malaysia grew by 8% as value-added services began the year aggressively promoting premium mobile content across various operator networks, BuzzCity said.   Indonesia, already

its second largest market, saw 54% growth; while Thailand (No 12) grew 42% and Vietnam (No 13) grew 14%. The Philippines, its No 22 market, actually declined by 1%. Mobile banking   The adoption of mobile banking has increased, BuzzCity said, with 27% of adults who use the mobile Internet now finding mobile banking “easy and useful” compared with 21% last year.   However, there is apathy amongst potential users, with almost a third of those surveyed (32%) simply not

feeling that they “need” mobile banking.   Results suggest that security fears seem to have been reduced – 24% of those surveyed this quarter won’t do mobile banking because of security fears, an improvement from 2013 when 29% felt concerned about security issues.   “Anxieties will persist, but this apparent indifference among users may yet be the biggest hurdle to overcome,” said Dr K.F. Lai (pic), BuzzCity founder and chief executive officer   “These consumer perceptions will play a key role