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e-banking 2002-2011

08 May 2012 1 comment

Bo Harald

Chairman/Founding member, board member

Trust Infra for Real Time Economy Prgrm & MyData,

Noteworthy:

- more contracts than citizens in Finland - due to multibank relationships

- interesting as e-banking typically carries a monthly fee (some 2€) - but has discounts and is free for young customers (up to 26 typically)

- slowing transaction growth may reflect both slower economic growth and above all rapidly growing use of e-invoicing

- translation to EU-level would mean som 26bn payment transactions

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Comments: (2)

A Finextra member

09 May 2012

With the rapid growth of E-invoicing it looks like interesting opportunity for governments and consumers to jump on the Electronic Invoicing "Band Wagon"!

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Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Author 10 May 2012

Agree James. And they for surely do - large enterprises setting deadlines and especially public sectors. "How can I save tax payers' money today" is of course the first thought in the morning when a civil servant wakes up. This is of course a question of much more than just saving costs.

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Bo Harald

Chairman/Founding member, board member

Trust Infra for Real Time Economy Prgrm & MyData,

Member since

04 Nov 2008

Location

Helsinki Region

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