The increase in smart mobile technology, such as smartphones and tablets, has led more companies to include e-commerce, remote payments, and a host of new mobile options for customers. Mobile banking, up until recently, was performed through a text messaging service or online through a browser.
Now consumers can perform balance checks, account transactions, payments, credit applications, and other banking transactions all on the go through a mobile device. The last few years, the mobile and wireless market has been one of the fastest growing markets in the world.
According to a study from Berg Insight, the number of mobile banking users will grow from the 12 million active users recording in 2009 to over 86 million by 2015. At this point, banks are rushing to try and implement new services to keep its customers happy and give them the ability to have complete access to their banking accounts at all times... Read More
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