The financial services industry has seen a prolific rise in the use of applications in the last couple of years. Globally millions of customers already use a wide range of mobile app services, and it is estimated that the financial application industry will grow at a rate of 30% in the coming years.

In 2020 there were 26% more mobile app sessions as compared to 2019. Using applications for different financial and banking services is a rapid and convenient way to effectively manage your monetary resources like checking balance, transferring funds, paying bills, and so on.

Source: DZone