The Next Big Thing: Mobile Banking
Why I would like to get into some Mobile business.
Mobile banking is certainly a big topic both from the opportunity prospective as well as from its transformational potential. In the broadcast sense, these services have the potential to extend financial services to a vast section of the people who have never had access to formal financial services and the potential to change the way in which we deliver financial; services to all.
Since the introduction of mobile banking phones during the 1990s, the world has experienced a massive growth in the uptake of mobile phones. This growth has been so impressive that it has outstripped even the most ambitious predictions. This penetration is a major opportunity for growth in banking, provided this can be done by means of product based on mobile phones and an ability to do this at a relatively low cost.
For many people their mobile becomes the first contact with technology and introduction to a relationship with a service provider. This makes the phone a natural choice of channel for financial transactions.
This topic can be definitely much wider and to end it all I would say is that Mobile has become a personal and lifestyle device of choice.
8 Comments
WEll composed with great articulation. Technology has spawned many conveniences.
Interesting article.
True. I use it all the time.
Inna
Dream | Believe | Achieve. One quick way to start? Read up everything that you can about the topic until it swamps your reality.
You will find that you can do it if you have the focus and the willpower.
You can do it for sure, man.
j
I’d be interested to see your perspective on how security can be expected to keep up with the explosion in mobile services.
The advent of mobile technology isn’t much different than the remote for televisions, door openers and such. Just another way to make things easier and cause more laziness, but it’s technology… okay. When people walk around with phones stuck in their ears every minute of the day, one has to wonder if these people are lonely or just have no idea what living is all about. Or, when they are so glued to their phones — in their ears — and drive right out in front of oncoming traffic without even looking, threatening harm through stupidedy, one has to wonder if this kind of technology is in the wrong hands.
I think mobile banking is already a reality. If the device provides web access you can access your bank.
Grant
Hi, This is an excellent article. I would even consider mobile banking; although, I am not a fan of cell phones or mobile phones. I think you presented your case well; it sure caught my attention.
Damon aka johnny yuma