Question

Explain benefits of ICT in E-banking

Answer 1

Answer is given on points::-

•E-banking saves time of going to bank.

•It can be done anywhere, anytime!

•Safer than keeping money in pockey

•Convenient for person to send large amount of money without huff 'n' puff

•Last but not the least, it is very fast!!!

Answer 2

Answer:

Explanation:

ICT stands for  Information and Communication Technology. It gives insight about the various aspects of Information Technology in banking services sector.

ICT brings advantages like: -

1) Internet Banking - Ease of doing transaction from remote place and not going to bank physically.

2) Automated Teller Machine (A.T.M) - Ease of getting money at any time day/night or even holidays.

3) Credit/Debit Card - Ease of not carrying physical cash.

4) Fast - All transaction via IT systems will be fast than manual banking transactions.