FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

IPad Users Are Rare, but Move More Money

Grace NotobyGrace Noto
April 2, 2018
in Payments
Reading Time: 2 mins read
0
Share on Facebook

While mobile banking  has become mainstream, the same cannot be said for banking via tablet: in fact, the amount of users that conduct their banking on a tablet is “almost nonexistent.”

This is according to the March 2018 Monkey Insights report released by Malauzai Software, which found that 1.7% of active digital users — from a percentage of 905,000 active internet and mobile banking users — are using a tablet such as an iPad.

This is not a new trend in financial services, or even when it comes to digital devices — as Malauzai noted in its report, published last week, ‘tablet’ at this point nearly exclusively means iPad—however, these users do tend to make larger transfers and money movements than mobile users, the report found.

Tablet users tend to make “money movements” that are 250% higher in value than mobile or desktop users, the report found, including activities like internal transfers, check capture, and deposits. iPad users lead mobile check deposit averages across all devices, according to Malauzai, with an average deposit of $950.

The report did not provide average deposit amounts for these devices in this report, though it noted in January 2018 that the average value for a mobile deposit was about $525.

Those members of the 1% using iPads completed the same banking tasks as mobile users, with the top use cases being checking balances, transaction histories, transferring money, and making deposits, the report found.

Tablet devices are more likely to be shared, or put another way, are less personal than mobile devices, which may explain the scarcity of banking activity on them.

Take a look at the full report here.

Tags: DataBankdepositsmobile paymentsMonkey Insightsonline paymentsPremium
Previous Post

Thailand to Tax Cryptocurrencies

Next Post

First Financial Bancorp Completes Merger with MSFG

Related Posts

RBC building in Toronto
Payments

Francisco to buy payments firm Moneris from RBC, BMO for $1.4B

August 11, 2026
Interior of a Cloudflare office building with signage
Payments

Nonhuman traffic surpasses human traffic on Cloudflare network

August 7, 2026
block cash app
Payments

Block ships more than 130 features in H1 2026, up 3X YoY because of AI

August 6, 2026
Next Post
Pexels.Com

First Financial Bancorp Completes Merger with MSFG

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account