A new study on mobile banking shows that only one in 10 consumers use their phone for banking transactions. But more importantly, the report from marketing research from Morpace shows that two-thirds of users aren’t aware whether their banks offer mobile banking services.

“This somewhat limited familiarity with mobile banking helps account for relatively modest interest levels at present,” according to a Morpace news release, which tracked interest at a rate of only 4.3 out of 10 users.

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