Smartphone demand shows no sign of slowing

The massive demand for smartphones and tablet devices across Australia continues to grow and it is clear that the popularity of sophisticated mobile gadgets is changing the way people control their finances.

According to TechSci Research, uptake of smartphones will increase by ten per cent each year between 2012 and 2017.

Unsurprisingly, the firm stated that younger people are accounting for the bulk of the demand and this trend looks set to continue.

Mobile banking is becoming more mainstream and people almost expect to be able to make payments and access their savings accounts while on the move.

This means that banks must keep up with the latest technological developments and it seems many are already on the ball. Indeed, plenty of institutions have released mobile apps that make it easy for customers to do their banking via their handset.

Research director with TechSci Research Karan Chechi believes that Apple and Samsung devices are the gadgets of choice for most Aussies and these two manufacturers will eventually "kill the competition" in the market.

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