European E-Banking To Reach 75m By 2005, Says Datamonitor
There will be 75 million online banking customers in Europe by the end of 2005, up from 23 million in 2000 and 49 million this year. This is according to a new report from Datamonitor, as quoted by eMarketer.
The European eBanking Market Update report shows that the UK, Germany and the Nordic region currently lead the way, with 55% of Europe’s e-banking customers.
The UK is the largest market at present, with 9.8 million users; however, Germany is set overtake the UK by 2005, with 15.4 million e-banking users, as against the UK’s 14.0 million.