150 million bank customers will be mobile by 2011

Juniper Research says there'll be over 150 million people using mobile phones as an additional tool for banking transactions by 2011. It says this figure just refers to existing customers of conventional banks rather than 'transformational banking', which offers mobile banking to customers that aren't within reach of branch-based banking. Juniper Research has previously forecast over 800 million people worldwide to be using some form of mobile banking by 2011. [Press release]