Growth in mobile banking in South Korea during 2005 to 2009

In South Korea,a technologically advanced Asian country, 97 percent of the population has a mobile phone. According to the data from the Bank of Korea, the average daily money transfer via mobile banking grew five-folds between 2005 and 2009.

But when compared to the average value transferred via Web banking a day; this (average daily money transfer via mobile banking) is still less than one hundredth. --------

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