Mobile
banking is a system that allows customers of a financial institution to
conduct a number of financial transactions through a mobile device such as a mobile
phone or tablet.
Advantage of
Mobile banking:
1. Clients can make transactions or pay
bills anytime. It saves a lot of time.
2. Cell phone banking is cost effective.
3. Banking through mobile reduces the
risk of fraud.
4. Banks can be in touch with their
clients with mobile banking
5. Banks can also promote and sell their
products and services like credit cards, loans etc. to a specific group of
customers.
6. Clients can transfer money instantly
to another account in the same bank using mobile banking.
7. Various banking services like Account
Balance Enquiry, Credit/Debit Alerts, Bill Payment Alerts, Transaction History,
Fund Transfer Facilities, and Minimum Balance Alerts etc. can be accessed from
your mobile.
