Brits turn to Web for banking and bill payment

Brits turn to Web for banking and bill payment

Over three quarters of UK consumers will use online banking services within the next five years, according to research commissioned by Internet service provider Pipex.

A survey of 1900 consumers conducted by YouGov found that 77% will use the Web for conducting banking transactions, while 72% of respondents say they will use online bill payment services, in the next five years.

According to the research, more than half (53%) of Britain's homes now have access to the Internet, with a third of these having a broadband connection. Pipex says the increasing use of broadband in homes will drive a revived explosion in Internet usage, which in turn will change the way we live our daily lives - including the way in which we use banking facilities.

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