Bank Branches Lose Their Allure in Developed Asia, McKinsey Says
A man walks past bank ATM, photographed with a tilt-shift lens, at the company's headquarters in Jakarta, Indonesia on Wednesday, July 27, 2011.
Photographer: Dimas Ardian/Bloomberg
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A significant majority of people living in richer Asian countries would be willing to consider turning away from brick-and-mortar bank branches and shifting toward a digital-only proposition, according to a report by McKinsey & Co.
A total of 23 percent in developed Asia countries said "yes" and 54 percent said "maybe" when asked if they would shift to a branchless bank, according to the report published on Tuesday.