Globally, mobile financial services are becoming the preferred way for consumers to perform an array of financial services or simply interact with their bank. This trend is particularly true of growth markets where mobile is the catalyst for financial inclusion.
This infographic from Amdocs and Ovum explores how and to what extent, different consumers in three LatAm countries (Mexico, Guatemala and Columbia) use mobile financial services.
For example, by 2018 over 25 million people in Guatemala and Mexico will be smartphone users – a 36 per cent increase from 2015. And 36 per cent of users across all three countries don’t currently use a bank for savings, preferring to hide cash at home.