Smartphones key to making transactions – 1.7 billion mobile bank accounts

In a dominant instrument of international, European and domestic trade, there are currently more than $1.75 billion mobile transactions in 2023 that amounted to the astronomical amount of $1.4 trillion, showing an increase of 14% over the previous year, i.e. at a value of $2.7 million every 60 seconds. This is due to the large number of mobile subscribers worldwide exceeding 5.6 billion with a view to reaching 6.3 billion in number in 2030. Over 60% of the world’s population have access to the internet via mobile phone, thus highlighting the dominance of the instrument in the economy and trade in each sector of the economy. At the same wavelength is the development of the smart mobile phone in Greece as active users in mobile banking reach 6 million in number, having emerged as a leading alternative digital banking channel. Smart mobile phone is now the main channel that consumers prefer to make purchases, but also their searches through electronic stores at both European and domestic level. In particular, according to data presented recently during Balkan eCommerce Summit, with the exclusive representative of the conference in Greece, Generation Y Group, GPA Group, 89% of the traffic today in electronic stores in Balkan countries comes from social media from smart mobile phones (mediapost Hit Mail research), with the value of e-commerce over a total of EUR 100 billion. A trend that also dominates Greece. At the same time, however, the smart mobile phone, apart from a dominant means of trading, has also evolved into the digital assistant of every man in every corner of the world. With the incorporation of Artificial Intelligence technologies, as described recently in Samsung’s presentation for the new Galaxy Z series (Fold6 and Flip 6), they now have unlimited possibilities such as, among other things, automatically live translation during conversation, ability to record talks at conferences and even carry out a summary, searching images with direct results, connecting with intelligent watches that give countless possibilities to monitor basic health indicators, etc. Also through the smart phone the user has the ability to monitor and control from a distance a series of smart household appliances that he has in his home and not only, with everything positive that means for home safety, energy saving etc.