28% of Chinese Consumers Reduced Online Banking on Security Fears

Study: Fearful Chinese Cut Online Banking

Cardline Global  |  Tuesday, June 2, 2009

Nearly28% of Chinese consumers have reduced their online banking and paymentactivities over fears that their personal information could becompromised, according to a report last month by iResearch Consulting Group.

TheBeijing research company found that 63% of consumers said they arebeing more careful about using the Internet for financial activitiesand 3% said they no longer do any banking or shopping online.

However, 18% of respondents said phishing activities and other online scams have had little impact on their financial habits.  The research firm surveyed 2,328 consumers in March.

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