Online banking pays dividends for Canadians

Monday 4 October 2004 15:47 CET | News

In the month of August 2004, 11.8 million Canadians, or 64 percent of all Internet users, visited sites in the Banking category.

This is an impressive jump from the 8.7 million Canadians that visited a banking site in May 2003 - an increase of over 3 million Canadians, or 36 percent in the past 15 months. An analysis of growth in the banking category since last year found significant strides among nearly every major entity. HSBC and ING Group led the way with increases of 88 and 55 percent, respectively. An earlier analysis of online customer acquisition in the credit card industry found high levels of activity in the Canadian market. comScore found that in the second quarter of 2004 there was over 960,000 credit card applications initiated online by Canadians. Of the initiated applications, approximately 240,000 total credit card applications were submitted to financial institutions.

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Keywords: ,
Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
This article is part of category

Banking & Fintech