that Australia has the second highest uptake of e-banking in the Asia Pacific region.
The ACNielson.consult survey — which questioned 1,514 Australian Internet users during the fourth quarter of 2002 — found that 86 per cent had used Internet banking at some point. This was behind South Korea (90 per cent) but above Singapore (which had a penetration of 80 per cent).
However, the vast majority of e-banking applications used by Australians are one-way functions such as checking the balance of debit or credit accounts, reviewing the status of loans and viewing online statements.
