Mobile Banking is on the rise.
Mobile Banking (or m-banking) is on an accelerated growth path, a trend bankers cannot afford to ignore. While millions of people are already using some form of m-banking, there are billions more on their way to adapt to the conveniences of managing and organizing all their finances on their mobile devices. Mobile Banking applications are being downloaded every day, enabling consumers to easily carry out their financial transactions. With a simultaneous increase in network upgrades for faster data speeds by cellular carriers, and consumers passion to do much more with their mobile phones (both smartphones and basic models), consumer awareness and confidence is on a rise. Consumers have now started expecting m-banking facilities in various forms from their bankers.