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Advantages And Disadvantages Of Mobile Banking

1592 Words7 Pages

Why mauritians prefer mobile banking?
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Some banks offer only the option of text alerts, that is, messages sent to your mobile that make you aware of activities on your account such as deposits, withdrawals, and ATM or credit card use. This is the most fundamental type of mobile banking. A more evolved type of mobile banking allows the user to check account balance, review recent transactions, transfer funds, effect payments, locate ATMs, deposit cheques, manage investments among other transactions (Ademolo Abimbola, 2013). The user simply need to log in to his or her account from a mobile phone. As such, clients are able to handle their financial life without having to drive to a branch during open hours, thus being a real time- and schedule-saver (My Money, 2014).
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With mobile banking, customers are able to have anywhere and anytime access to banking services via a mobile device; tablet or mobile phone (Crosman, 2011). It is a quite popular method of banking that fits in well with a busy,

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