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NBK Unveils Payment Verification Service on Its Mobile Banking App

Fintech Finance

In keeping with its constant dedication to providing cutting-edge services to its customers, National Bank of Kuwait (NBK) announced introducing a new service that allows customers to confirm payment transactions online through the NBK Mobile Banking App, making itself as the first provider of this service in Kuwait.

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Mobile Banking Malware on the Rise Amid Rapid Adoption

Fintech News

Mobile banking is a rapidly growing market that’s projected to hit a value of US$7 billion by 2032. The 2023 study, which analyzed malware targeting banking apps, uncovered that 29 malware families targeted 1,800 banking applications across 61 countries last year.

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NEW DATA: 43M Consumers Are Holding Out On Mobile Banking Apps — How Banks Can Change Their Minds

PYMNTS

Not only are many account holders visiting brick-and-mortar branches less often than they did before the pandemic, but many are also more reliant on digital banking channels — particularly mobile banking apps — than they have ever been. percent more likely to use mobile banking apps now than they were in 2019, and 51.1

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Consumer download, use of mobile banking apps booms in 2015

Payments Dive

Malauzai Software says its client banks saw an average expansion of more than 30 percent in active mobile banking users last year.

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Sensor Tower Reveals Consumer Mobile Spending Habits: Growing Appetite for AI Features

The Fintech Times

billion hours, and apps mentioning AI were downloaded 17 billion times, emphasising the growing appetite among consumers for AI features at their fingertips. Food and drink app downloads (+8.5 Time spent in AI apps like Character AI and ChatGPT nearly eclipsed 7.7 per cent YoY) and session count (+9.2

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Paytm Launches New Mobile Banking App

PYMNTS

Paytm, the India-based eCommerce and digital wallet company, has announced a new mobile banking app called Payments Bank, according to reports. The app, available for download in the Google Play store and coming soon to iOS, will allow customers to check balances, request debit cards, pay with their phones and more.

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Wells Fargo’s Mobile Banking App Takes A Hit In Wake Of Scandal

PYMNTS

But a new report from SurveyMonkey shows the impact the scandal is having on its mobile banking business, with SurveyMonkey finding downloads of the mobile app declined 7.7 download) rates of the Wells Fargo Mobile app.”. percent in the 30 days after the scandal broke compared to the previous 30 days.