answersLogoWhite

0


Best Answer

With the advent of technology, hand-held devices like mobile phones are very powerful. To give a customer the ability to access his bank account on the move by just using their mobile phone, banks offer the mobile banking facility. Customers too are eager to use this facility and prefer a bank that offers this facility over one that doesn't.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why the banks introdusing mobile banking?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

How had technology helped the banks?

The latest technology has helped banks in many ways. They have started Internet Banking, ATM Banking, Mobile banking etc. With the advent of new technology, hand-held devices like mobile phones are very powerful. To give a customer the ability to access his bank account on the move by just using their mobile phone, banks offer the mobile banking facility. Customers too are eager to use this facility and prefer a bank that offers this facility over one that doesn't.


What are the advantages of mobile banking to banks?

Mobile banking is a facility using which customers can access their bank account using their mobile phone. They don't have to visit the bank or the ATM to check their balance or to perform other banking transactions. This is especially useful for businessmen and professionals who cannot get to visit banks during weekdays (Since they've got their own jobs to take care of) and need to use the banking facilities.


Does Bank of America offer mobile banking?

"Yes, Bank of America does offer mobile banking. Their website suggest going online and creating an application for your smart phone, but I suspect you can also visit any of their banks to arrange this."


What services does SunTrust Banks offer?

SunTrust offers banking services including savings, checking, online banking and mobile banking. You can also receive insurance and loan services from SunTrust.


What security is implemented in mobile banking transactions?

As technology is new people are dubious about mobile banking. Use apps that are authorized by banks for transactions. It is safer compared to text and web. Secure mobile with password. Don't use auto save password feature. The nascent apps are really vulnerable. Download apps only from authorized store. From a user perspective these things are important. And the banks are using expert companies' apps, like cr2.comfor mobile banking. So go to the bank website and use the instructions given there for mobile transactions.

Related questions

How had technology helped the banks?

The latest technology has helped banks in many ways. They have started Internet Banking, ATM Banking, Mobile banking etc. With the advent of new technology, hand-held devices like mobile phones are very powerful. To give a customer the ability to access his bank account on the move by just using their mobile phone, banks offer the mobile banking facility. Customers too are eager to use this facility and prefer a bank that offers this facility over one that doesn't.


What are the advantages of mobile banking to banks?

Mobile banking is a facility using which customers can access their bank account using their mobile phone. They don't have to visit the bank or the ATM to check their balance or to perform other banking transactions. This is especially useful for businessmen and professionals who cannot get to visit banks during weekdays (Since they've got their own jobs to take care of) and need to use the banking facilities.


What are the developments in INDIAN banks because of existence of foreign banks?

Banks in India these days have started offering competitive services like internet banking, mobile banking, telephone banking etc because of the foreign banks. The foreign banks offer these kind of services abroad and can easily offer them in India and to compete with them Indian banks offer these facilities as well.


Does the student bundle package offer mobile and online banking facility?

Yes, most banks offer mobile as well as online banking facility on student bundle package along with many other benefits.


Where can I access online business checking?

There are numerous online banks available which allow for the most mobile form of online banking, but most brick-and-mortar banks also offer online banking services. For reputable online banks, visit the FDIC's list of insured banks on their website.


What is mobile banking and internet banking?

Mobile banking is when you do banking from a mobile device such as a cellphone, iPod, or iPad. Internet banking is when you bank from a computer.


Does Bank of America offer mobile banking?

"Yes, Bank of America does offer mobile banking. Their website suggest going online and creating an application for your smart phone, but I suspect you can also visit any of their banks to arrange this."


What is mobile bank?

Customers demand mobile banking, but banks haven't yet struck a good balance between simplicity and security. The convenience of mobile banking is the primary selling point, and the migration will likely continue to accelerate. The obstacle during this development is essentially protecting information over mobile networks.


What services does SunTrust Banks offer?

SunTrust offers banking services including savings, checking, online banking and mobile banking. You can also receive insurance and loan services from SunTrust.


What has the author Luca Errico written?

Luca Errico has written: 'Offshore banking' -- subject(s): Banking law, Banks and banking, Foreign, Banks and banking, International, Capital movements, Financial crises, Foreign Banks and banking, International Banks and banking, Risk management


How many banks use mobile banking in Bangladesh?

There has about 18+ bank has received mobile banking permission from central Bank out 47+ bank. 3-4 Bank are desperately live to increase market share. For detail mail me: numbwatch@gmail.com


What security is implemented in mobile banking transactions?

As technology is new people are dubious about mobile banking. Use apps that are authorized by banks for transactions. It is safer compared to text and web. Secure mobile with password. Don't use auto save password feature. The nascent apps are really vulnerable. Download apps only from authorized store. From a user perspective these things are important. And the banks are using expert companies' apps, like cr2.comfor mobile banking. So go to the bank website and use the instructions given there for mobile transactions.