Scribd Logo
Upload

Welcome to Scribd!

  • 2K views

    Mobile Banking

    Uploaded by

    shankarinadar
    Mobile banking allows customers to conduct financial transactions through a mobile device like a phone. It has advantages like not requiring internet, allowing users to check balances, transfer funds, and pay bills conveniently from their phone anywhere and anytime. However, mobile banking also carries risks like receiving fake messages, and criminals gaining access to accounts if a mobile device is lost.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd

    Mobile Banking

    Uploaded by

    shankarinadar
    2K views5 pages
    Mobile banking allows customers to conduct financial transactions through a mobile device like a phone. It has advantages like not requiring internet, allowing users to check balances, transfer funds, and pay bills conveniently from their phone anywhere and anytime. However, mobile banking also carries risks like receiving fake messages, and criminals gaining access to accounts if a mobile device is lost.

    Original Description:

    bbb

    Original Title

    Mobile Banking Ppt

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Mobile banking allows customers to conduct financial transactions through a mobile device like a phone. It has advantages like not requiring internet, allowing users to check balances, transfer funds, and pay bills conveniently from their phone anywhere and anytime. However, mobile banking also carries risks like receiving fake messages, and criminals gaining access to accounts if a mobile device is lost.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    2K views5 pages

    Mobile Banking

    Uploaded by

    shankarinadar
    Mobile banking allows customers to conduct financial transactions through a mobile device like a phone. It has advantages like not requiring internet, allowing users to check balances, transfer funds, and pay bills conveniently from their phone anywhere and anytime. However, mobile banking also carries risks like receiving fake messages, and criminals gaining access to accounts if a mobile device is lost.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 5

    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 personal digital assistant.
    Mobile banking differs from mobile payments, which involve

    the use of a mobile device to pay for goods or services either at the point of sale or remotely, analogously to the use of a debit or credit card to effect an EFTPOS payment.

    ADVANTAGES OF MOBILE BANKING


    It utilizes the mobile connectivity of telecom operators and

    therefore does not require an internet connection. With mobile banking, users of mobile phones can perform several financial functions conveniently and securely from their mobile. You can check your account balance, review recent transaction, transfer funds, pay bills, locate ATMs, deposit cheques, manage investments, etc. Mobile banking is available round the clock 24/7/365, it is easy and convenient and an ideal choice for accessing financial services for most mobile phone owners in the rural areas.

    Mobile banking users are at risk of receiving fake SMS

    messages and scams. The loss of a persons mobile device often means that criminals can gain access to your mobile banking PIN and other sensitive information. Modern mobile devices like Smartphone and tablets are better suited for mobile banking than old models of mobile phones and devices.

    1). Account information


    Mini-statements and checking of account history Alerts on account activity or passing of set thresholds Monitoring of term deposits Access to loan statements

    2). Payments, deposits, withdrawals, and transfers


    Cash-in, cash-out transactions on an ATM Domestic and international fund transfers

    3). Investments Portfolio management services Real-time stock quotes 4). Support Status of requests for credit, including mortgage approval, and insurance coverage ATM Location 4). Content services General information such as weather updates, news Loyalty-related offers

    You might also like