The second reason why they use it is because it is free, say more than two thirds (67%) of respondents.

Finally, the third reason put forward by users (64%) is the possibility offered by mobile banking to manage their finances more effectively.

As regards what respondents use mobile banking for, nearly three quarters of them (73%) say they use it to send money to their friends, more than two thirds (68%) to set up standing orders and over a quarter (27%) to change their contact details via the application.

Finally, more than nine residents out of ten (94% versus 91% Europe-wide) own a smartphone and nearly two thirds of them (62% versus 69% Europe-wide) have already used it to conduct their banking transactions.