FuGenX Technologies Pvt Ltd #27, 2nd Floor, 20th Main, Maruthi Nagar Main Road, BTM 1st Stage, Bangalore – 560029 IND: +91-80-6611 6611, USA: +1 213 995 8091 info@fugenx.com
How Banking Mobile App Makes Life Easier?
Imagine waiting in a queue in bank for transferring money in the account, to go to the ATM to just check the available balance in the account or to get the transaction history. All these activities are becoming outdated as the boom of mobile banking came in the banking sector. We can see the explosive growth of mobile usage in most of the Asian economies like India, China and Korea. The ratio says that there are more people who are having mobile phones than the people having their bank accounts. Although the Internet banking is also helpful for customers to check out their account details, to perform transactions, to get their bank statements, and to pay their bills sitting comfortably in their homes or office, PC with Internet connection is required while accessing to bank accounts, so it is the main difficulty of Internet banking in developing countries like India, China and Korea. Mobile banking requires just your smart phone with a mobile banking app, which is easy to access in a secured manner. “The biggest benefit is that you have more control of your money,” says James Van Dyke, president of Javelin Strategy and Research in Pleasanton, Calif. Nowadays, banks prefer mobile platforms for innovative payment models and commerce capabilities. For instance, the American multinational bank „Bank of America‟ launched a new mobile app that lets customers view their current balance, spot the location of the nearest ATM and banking centres, as well as payments and transfer calendars to check and manage your outgoing payments and transfers each month. The Bank of America is not the only bank which is introducing the latest features in its mobile app, in India also many banks are becoming more tech friendly to fulfil the financial requirements of their customers in sophisticated as well as easy way. Many banks are launching their apps which helpful to make online transactions, pay bills, recharge mobile phones through mobiles and with many more features, as they realised the convenience of mobile banking app in giving services to their customers as well as in decreasing the requirement of manpower in the banking industry.