essay on mobile technology – growing trend in banking
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Smart money: How mobile technology is transforming the banking industry
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November | 2013
Till a few years ago, nobody imagined that mobile phones would be used to transfer money and complete shopping transactions. But now, one doesn’t really have to visit a bank, stop by at an ATM, or carry a plastic credit or debit card to make purchases.
A new wave of mobile technology solutions, including mobile banking apps that turn any smartphone into a fully operational personal bank, is sweeping through the banking industry. With cash transfers between mobile phones increasingly becoming a reality, mobile banking could soon become as commonplace as Internet banking.
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