Mobile Banking allows users to access many services such as checking balances of its financial products, pay off credit cards, and pay utilities or cell phone service.
Mostly all people would like to stop queuing at banks and make their transactions faster, safer and agile.
These thoughts have increasingly become a reality among people due to technology and services.
Although mobile banking is a service that has become popular recently in many countries of the world, users have already begun to be considered as one of the most reliable for financial transactions, especially since the whole process can be done from a computer or mobile phone without having to physically go to the bank channels.
If you look at the numbers of mobile banking users, in 2014 mobile banking transactions were conducted by many billion people and in the last four years the use of mobile banking in many countries has grown by over 200%.
This demonstrates an important progress in the use of this channel.
The possibility of bringing more people in this channel also allows thousands of people to get attracted to the use of technology to make frequent payments resulting in more people using electronic transactions.
5 Benefits of Using Mobile Banking
These are five of the benefits that make transactions via Mobile Banking:
1: Improved Quality of Life
Any transaction can be made directly to the banks, no matter how well the service, it does take more than 30 minutes on average to complete it to anyone.
Take this much time to share; relaxation and entertainment is made possible through Mobile Banking service you can perform almost the same transactions you make in your organization, but only scoring a couple of keys or numbers.
2. Low Costs
Make payments, purchase or make transfers between accounts of the same entity has no cost because neither the bank nor the cell companies can make charges for the use of the channel.
3. Security and Reliability
People find their payments more secure and more reliable via mobile banking; transaction in ‘Mobile Banking’ has high safety standards due to which people are supported by bank technology and payment processors.
These services offer maximum reliability and peace of mind and all purchases or payments are made dialled from the mobile or portable phone itself, which does not jeopardize access to non-public financial information or identity.
This type of channel can prevent fraud and avoid carrying cash.
4. Speed and Agility
Perform transactions via Mobile Banking allows transactions faster and more effective, since the place electronically enter the system almost immediately, with no rows and in a few minutes.
One advantage of this channel is that it is available 24 hours a day, seven days a week.
5. Access to More Customers
Having services available through Mobile Banking allows financial institutions have access to a larger customer base.
Wanted to add any reason why to use mobile banking now, do in the comments!