It is notoriously difficult to predict the future, but some educated guesses can be
made using past and current experiences. In our view, the next developments in ebanking will involve new products and services that were not feasible in traditional
banking models. This could involve enabling instant payments using mobile devices,
or tools to help people manage their multi-bank financial portfolio, simultaneously.
Internet only banking may also become more viable as the functionality of e-banking
systems grows, and customers adapt to the new ways of conducting their financial
activities. International banking might become a reality for ordinary consumers
as banking payments systems are increasingly harmonised across borders. For
example, in Europe, new measures are being introduced by the European Union to
allow cross-border provision of e-commerce services by providing a single payment
system. Similar initiatives are due to be implemented in other parts of the world.