Report: 10% of mobile users to pay bills via handsets by 2016

Growing consumer acceptance of "push" mobile banking and a sharp increase in smartphone adoption will drive users of transactional mobile banking services up from 185 million in 2011 to over 550 million in 2016, according to a new report from Juniper Research. The report found that by then nearly one in 10 mobile users will pay their bills via their handsets. The report also found that people who do make bill payments via mobile are expected to continue conducting transactions actively and aggressively. Juniper found that as consumers increasingly turn to mobile for their payment and banking needs, around 80 percent of total mobile banking customers will pay their bills via a mobile device by 2016. Release