Leveraging the massive opportunities of Fintech
Smartphones are being increasingly used to deal with the things of everyday life. According to recent forecasts, registered smartphone SIM cards are likely to reach 6 billion worldwide by 20203. The number of users who use their smartphone for private banking purposes is expected to virtually double worldwide, to one billion by 2017, up from 590 million in 20134. At the same time, the annual smartphone sales volume is expected to exceed one billion in 2017.
This trend towards digitalisation is set to pick up growing momentum and will also take an increasing hold on the financial services sector. With expanded technological capabilities and specialised know-how in the areas of mobile and banking, we have installed excellent prerequisites when it comes to delivering innovative mobile solutions for the banking customer of today.
3 GSMA: Smartphones to account for two thirds of world’s mobile market by 2020, 2014
4 Juniper Research: Press Release: Mobile Banking Users to Exceed 1 billion in 2017, Representing 15 % of Global Mobile Subscribers
Mobile phone subscribers using their phone for banking
We focus on sustainably developing and expanding our business as mobile lender. We aim to expand our operations to encompass a total of 30 countries in the medium term and to address different customer segments through new products recently introduced. This expansion strategy that is at the core of our business strategy involves diversifying our geographic presence by extending our reach in Europe and internationally. We will forge ahead with promoting our growth and enhancing our product portfolio in our existing markets in Europe, Australia, New Zealand and Canada.
In addition, we will work untiringly toward our long-term goal of evolving into a mobile bank and of launching a multi-banking app. The app is intended to serve customers as a central platform for all of our existing products, including the option of opening a current account and other deposit products.
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