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Online banking set for steady growth in Western Europe, IDC forecasts.

Publication: M2 Presswire
Publication Date: 30-MAY-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 May 2003-IDC: Online banking set for steady growth in Western Europe, IDC forecasts(C)1994-2003 M2 COMMUNICATIONS LTD

RDATE:05302003

MILAN, Italy -- The latest forecast data published by IDC on the uptake of online banking in Western Europe reveals steady growth opportunities throughout the five-year period (2003-2007). In particular, the number of online banking accounts will increase by a compound annual growth rate (CAGR) of 11%, from nearly 100 million in 2003 to more than 150 million in 2007.

Data focusing on specific countries shows that, despite an overall increase in online banking in Western Europe, there will be a slight slowdown in...

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