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Mobile Banking muscle up for the next phase of the digital shift

May 13, 2022

Mobile Banking muscle up for the next phase of the digital shift
News of major enhancements to Google Wallet give a sense of the centrality of mobile payments and finance apps as digital shift phase two kicks in, revolving on mobile money.

It’s been a busy week in the mobile payments world as Google’s Wednesday (May 11) announcement of new features and functions for Google Wallet and Google Pay (GPay) app was one of several moves by app players to update experience and utility for 2022 and after.

PYMNTS research found that mobile apps are consumers’ most-used method of interacting with their accounts by 41% of surveyed banking customers, with branch banking favored by only 11%.

Neobank N26 revealed Tuesday (May 10) work it’s doing with Mobile DevOps firm Bitrise to improve and secure mobile banking app experience at a time of critical growth.

“For a company like N26, which is completely mobile-based, the speed of its releases and updates into Apple and Android app stores and the quality of its security aren’t only a mobile problem; they can make or break their entire business,” a press release stated.

In addition to automating all mobile workflows expanding threat modeling and flaw detection, the release stated, Bitrise worked with N26 to launch N26 Smart, “its mid-tier subscription plan with advanced banking features; Income Sorter, a way for users to automatically save every time they get paid; Round Ups, which lets users save their spare change automatically; and Split the Bill, which enables users to split payments with family and friends directly from the app.”

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