Factors affecting customer satisfaction and loyalty in mobile banking in turkey

In the last three decades mobile phones rapidly spread all around the world. As mobile internet became available and mobile networks improved with 3G technology, mobile phones evolved into smart phones. In early 2000s, before the age of smart phones, banks faced challenges because of small cell phone screens. With the age of smart phones, in mid 2000s, capabilities of mobile phones improved and so did the mobile banking offerings of the banks. By the help of those advancements, banks were able to fulfill their customers' convenience requirements by offering mobile banking services. Turkey is a rapidly growing country with the recent improvements in banking sector. This study aims to analyze the factors which are affecting customer satisfaction in mobile banking, and the relations between customer satisfaction, mobile banking and intended loyalty in Turkey. Data collected from 336 respondents and analyzed by using descriptive, factor, correlation, ANOVA and regression analyses. Results of the analyses show that there are positive relations between convenience & usefulness, relative benefits, content reliability & variety, trust, design & infrastructure and customer satisfaction from mobile banking. In this study, effect of customer satisfaction on customer loyalty is also approved. This study discovers that the main factor affects customer loyalty is the customer satisfaction and also reveals the factors which are affecting customer satisfaction in mobile banking context.