Santander has released an Android mobile banking app to increase its reach as consumers increasingly use their...
mobile devices for transactional banking services.
The app allows users to pay bills, check balances and recent transactions in current and savings accounts, view and set up account alerts, and transfer money between Santander accounts. Customers can also view two years' transaction history and build a seven-year library of their statements in digital form on the app.
The Spanish banking giant has also introduced additional features to its existing iPad and iPhone app, which it launched about a year ago.
The apps, which are available from the Apple App Store and the Android store (Google Play), are free to all of Santander's personal banking customers.
"Customers will be able to do almost as much on their mobile phone as they can with our full online banking service, wherever they are," said Adrian Homer, head of mobile at Santander.
More on mobile banking
Mobile banking developments pick up pace
European banks already lag behind banks in Asia and North America in mobile banking. Speaking at a recent event in London, Daniel Mayo, financial services analyst at Ovum, said this year will see banks in the UK step up their interest in mobile banking.
“It has taken a long time for European banks to realise that mobile banking is important, compared with Asia and North America, where there is real innovation,” he said.
According to Visa, half of UK Visa payments will be made through mobile devices by 2020 as mobile infrastructures pave the way for mass adoption of mobile wallets.
Visa Europe said this year will see the acceleration of the use of mobile payments channel.