Q-1)Explainexplain the utilities of computer in Online Banking and Finance (10marks)
Q2)Explain the meaning of E wallet. Discuss briefly which have contributed towards the
adoption of E-wallet in India. (10marks)
Answers
Answer:
ques 1) Computers help bankers keep a record of and verify financial records much quicker. Computers allow banks to provide ATM services, online banking, speedier transactions and accurate tracking and verification of funds. They also make banking institutions more secure through enhanced security and surveillance setups.
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Que. Explain the utilities of computer in Online Banking and Finance ?
Ans. Computers allow banks to provide ATM services, online banking, speedier transactions and accurate tracking and verification of funds. They also make banking institutions more secure through enhanced security and surveillance setups.
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Que. Explain the meaning of E wallet. Discuss briefly which have contributed towards the adoption of E-wallet in India.
Ans. E-wallet stands for electronic wallet. It is a type of electronic card which is used for transactions made online through a computer or a smartphone. The utility of e-wallet is same as a credit or debit card. An e-wallet needs to be linked with the individual's bank account to make payments.
Increased smartphone adoption, reducing data costs and increasing internet penetration have immensely benefited the mobile wallet market. Favorable government policies, regulatory environment and the whirlwind of demonetization have led to wider adoption of mobile wallets and set the stage for further future growth.
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