Hi all,
Now a days we see that ,A new banking system that is able to transfer money one place to other without any bank account has come. And going to so much .Actually what is mobile banking? Does it uses software or other thing? How can it send money one place to another ?Do i have any security in this banking system?
Thanks.
Dear regarding your first 3 questions, The word mobile banking means the banking processes through mobile, now in process all things comes, your credit, debit, transactions, balance everything you can do through your mobile phones etc, regarding software definitely they are using this through software but at bank only to manage the data, it’s a facility provided by banks and this all occurs due to mobile banking. Regarding money sending so dear it’s all done in banks using mobile and internet transactions online so new problems in it now a days . Last question is that regarding the mobile banking security yup it’s a secure as no spam or viruses, No ATM thief property, it also do authentication and encryption, so I think it’s a secure apart from that mobile is stolen.
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Hello,
These are the answers to your questions:
