More Aussies 'are using their phones for banking purposes'

Aussies are embracing mobile banking services at a far faster pace than their peers in other countries.

New research undertaken by Google has discovered that people down under are 65 per cent more likely to use their handset to keep tabs on their finances than British citizens, National Features reports.

They are also beating their American counterparts by 14 per cent, the study showed.

This is hardly surprising given Australia's apparent love for the very latest technological developments.

National Australia Bank recently announced that it would launch a host of new cutting-edge services alongside VeriFone Systems in order to make it easier for customers to keep up to date with their monetary situation.

Aussies are using their smartphones to check their balance, make payments and alter their credit card limits.

St George Banking Group's head of eChannels Travis Tyler told the news provider that people access their bank 15 times a month from their phone on average.

"40 per cent of our online customers are now interacting via mobile," he was quoted as saying.

Have a question about credit cards? Ask the money gurus at Mozo Answers.ADNFCR-1761-ID-801469020-ADNFCR