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Digital Banking Reaches £1Bn A Day, Bba Says

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Mobile phone and internet banking transactions now total almost £1bn a day, a study has suggested.

The technology is used for transactions worth £6.4bn a week, up from £5.8bn last year, the study by the British Bankers' Association and EY found.

They did not reveal the proportion of transactions made on mobile phones, but said the amount had risen sharply.

Seems electronic velocity is increasing.

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