Fintech And Coronavirus: US Stimulus Payments Boosted Mobile Banking Registrations 200 Percent
Mostly thanks to Coronavirus and the shut-down that countries have enacted as a result of it. Japan and South Korea saw jumps in usage of 85 percent from December of last year to March of this year. In the U.S., it’s been 35 percent, according to a report from Liftoff and App Annie.
But that’s just the beginning. The recent stimulus payments in the U.S. have doubled new mobile banking registrations, according to FIS, a financial software and services provider.