ZENITH International Journal of Multidisciplinary Research
Year : 2019, Volume : 9, Issue : 5
First page : ( 149) Last page : ( 157)
Online ISSN : 2231-5780.

Evolution and current scenario of mobile banking in India

Yadav Nisha

Research Scholar, Department of Commerce, MDU, Rohtak. Email: yadavnisha114@gmail.com

Online published on 4 June, 2019.

Abstract

Technology advancement and economic development go hand in hand. Mobile banking has revolutionized the global picture by bringing new perspectives in mobile usage. The purpose of this paper is to probe the growth and current picture of mobile banking in India. This paper also focuses on the various mobile application launched by different banks. Mobile banking is a service offered by various banks which allows its customers to know all kinds of financial transactions with the help of mobile phone or tablets. Most of the banks offer their mobile software which is called an app. By installing that app we are able to get the benefits to acquire all financial information on our phone by just clicking a button. Furthermore, mobile banking saves time as well as customers gets various exciting offers on their mobile. Mobile banking is the need of an hour as it provides different service to existing bank customers and by offering new services to the potential customers in approaching markets. Mobile Banking is a rapidly growing facultative channel for providing banking services. India secured second place in the telecom market in the world having high perspective for amplifying banking services via mobile. However, there resides a certain section of India who still are unable to get access to mobile services.

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Keywords

Mobile, Banking, Services, Technology, Growth.

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