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SMEs get into mobile banking

The proportion of small and medium-sized businesses using mobile banking services has increased from 20 per cent a year ago to 32 per cent today, according to DBM Consultants.DBM found that one in four SMEs is using a mobile banking application once a day.Micro and small businesses have been the early adopters. Businesses in finance, insurance, communications and hospitality are the most active users of mobile banking services.Businesses in agriculture and recreational services reported the lowest usage.

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