Nationwide Building Society has released an app for the Apple Watch that will allow users to access and monitor their bank accounts through the watch. The app makes the financial services provider the first one to do so in the UK.
Nationwide’s app comes out at the same time as the building society mentions new research, which shows that nearly half (44 per cent) of people check their bank balances on the move. However, half of those people are surprised by the amount.
The building society’s research, conducted by Atomik that surveyed 1000 people, revealed that 75 per cent of those people surprised by their balances were surprised because they had more than they were expecting. The research also found that people are more likely to check their bank balances (44 per cent) than their work email (34 per cent) whilst on the move.
“The Nationwide app will give our customers even greater choice about how they manage their money whilst on the move, demonstrating our commitment to doing business on our members’ terms, not ours,” said Barnaby Davis, Nationwide’s Retail Strategy director.
Whitepapers
Related reading
2020 hailed “year of contactless” by payments study
By Richard Young The coronavirus crisis has caused a surge in mobile and contactless payments, driving consumers to make fewer but larger ... read more
Redefining remittances: Fintechs during coronavirus
By Daumantas Dvilinskas, CEO and co-founder, TransferGo According to new projections by the World Bank, remittances are set to decline by as ... read more
Crypto’s safe-haven status wavers amidst market crash
Perceptions that cryptocurrency performs autonomously from other markets is being questioned as bitcoin crashed by 50 percent on March 12. Market participants ... read more
COVID-19: our action plan
Dear reader, As the coronavirus pandemic spreads, we continue to hear and read unsettling stories from around the globe. At Payment Eye, ... read more