Answer to Question #147390 in Management for sameer ali

Question

What is objective of mobile banking services along internet banking ?

Answer 1

Objectives of mobile banking services alongside internet banking

              Making financial transactions such as banking and requesting loans using mobile phones is referred to as mobile banking. Use of phones to access services offered by banks resulted from innovation and invention using technology. Internet banking is an improved form of mobile banking where transactions occur using internet websites developed by banks. The objectives of mobile banking involve reducing congestion at banks and ensuring fast access to funds or loans from anywhere without visiting banks. Mobile banking protects customers from attacks when traveling to banking institutions to withdraw and save funds. Internet banking entails the same mobile banking objectives but allows financial transactions globally using apps such as PayPal and other banking websites.