Dutch Bank ING has launched the first of many mobile applications the bank will develop as demand for mobile banking grows.
The bank has developed an application for the G1 Google phone which helps its customers locate the nearest cash machine.
It uses built-in GPS technology with the handset's compass and camera to point users in the direction of the nearest bank ATM in The Netherlands. It is not only restricted to ING's ATM, but all ATM's, said a spokesperson for the company.
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"This application shows ING's commitment on innovative solutions that do make banking easier and easier,” added the spokesperson.
“In the next few years the mobile phone will play an important role, because people want to do banking everywhere and on every place. This is our first application for this new smartphone, but we are resolved to develop more innovative solutions for our customers."
Banks will develop more applications for mobile banking, including transactional services as customer demand soars. IMS Research says mobile banking users will reach almost a billion within four years and will complete 62 billion transactions in 2012.
It said the combination of contactless mobile payments, mobile banking and over-the-air payments will push the number of mobile banking users to 884 million in 2012.