Description: Citi says that, though it remains at an early stage, mobile banking is going to take off around the world. They forecast an 86% compound annual growth rate to $447 billion from $69 billion in 2016. Although the largest volumes will be in developed markets, the greatest opportunities for new entrants lie in emerging markets thanks to the relative lack of established financial institutions.
Meanwhile, more and more banking services will become automated, resulting in savings costs.
Insane stat: Norway, Finland, and Sweden operate at branch per population densities two times or more below developed market peers.
Relevant graphic: Cash intensity by country.