Online banking has shown tremendous growth, with more than ten million people choosing online banking according to research by HSBC.
Online transactions by the bank's 270,000 online banking customers have escalated to a level three times higher than in 2003. Online payments were worth over £10.4 billion in the last year, HSBC said.
With faster internet connection speeds than ever, more and more businesses are using the online marketplace. More than a million online transactions take place every month, the research found.
Simon Wainright, the head of business banking at HSBC said UK businesses are starting to realise the worth of online banking as a fast and convenient way to carry out transactions.
He noted that business banking customers are finding that this is a better way to keep track of their finances and free up time to manage their business better.
Mr Wainright said that HSBC online banking offers online banking customers, in particular business banking customers, the tools to keep a tighter grip on their finances and to bank at their convenience.
HSBC is one of the largest banking and financial services organisations in the world, with services in 77 countries.
HSBC provides a comprehensive range of financial services including mortgages, savings, investments, loans, online banking and more.
HSBC finds online banking growing rapidly
Financial Services > e-banking > Banking news
HSBC finds online banking growing rapidly
Tue, 05 Jul 2005
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