Mobile banking impact is an incredible invention that changed the world:
Today mobile banking is the most common service where people love to access or perform their transactions at anytime and anywhere. You simply need to get a smart mobile. A single click on respective official banking apps is enough to use this application for mobile banking. You can’t even imagine, how effectively its usage is preferred nowadays.
Let’s know about the origin of mobile banking and its history:
This mobile banking service is also known as SMS banking services. These services are introduced in the year 1999. Due to the vast usage of smartphones, the European banks have taken the initiative to provide this kind of affordable service to their customers with the help of WAP (wireless application protocol) and along with the internet facility. Of course, today smartphones are known for the best internet servicing tool compared to the existed smart devices. As we all know that you can carry your smartphone along with you everywhere. So, you can simply install the banking apps on your smart device and can happily make use of the financial services you want to do. This is the beauty of mobile banking services.
Some more information to know:
In general, if you want to withdraw the money or to deposit any money, you have to stand in queues for longer time intervals. Moreover, it is such an irritating thing to simply wait for hours to get your job done over there. But with the existence of this kind of online internet banking services, the process of withdrawals and deposits have replaced paper cheques easily. So, you can do online transactions with your PC or desktop computers. Additionally, you can see the advanced form of banking namely mobile banking, and of course, its usage is highly recommended by the financial experts too.
Besides the fact, there are both pros and cons of this mobile banking that are noticed. Let’s see what they are;
• With the help of this kind of banking services, you can have easier access and can manage your requirements within your hands only. You can even make the payments and transactions by following the respective bank terms and conditions.
• You can also save your precious time by not visiting the banks to make transactions. At the same time, if you want to know the history of your transactions it is also possible. You know some banks do allow you to make fixed deposits FD’s as well through their official apps. Such an incredible option it is now a days. This is why focusing keenly on downloading the reputed financial bank apps is important now.
Moreover, some drawbacks are also noticed with these mobile banking services:
Majorly with the enhanced technology impact in this current generation, you may have come across cyber-attacks. This is such a peculiar security concern where most users hesitate to download this kind of banking services apps. Especially hacker’s role is always to stay active in online platform only. Remembering this fact into consideration, people double-check on this objective before proceeding with these services. Moreover, it’s better to ask for references and of course, it is the best choice to choose the right mobile banking services.
Let’s focus on some crucial tips to experience safe mobile banking services:
• Generally when points to safety issues, you have to concentrate on every aspect that interrupts your mobile banking service. Initially, you have to worry about whether your smartphone has enabled high-speed internet service or not. Try to top up your mobile data with a good speed internet pack. It is advisable especially when you want to make mobile transactions somewhere where you don’t find a proper WI-FI facility. It’s better, don’t depend upon public WI-FI networks to make online banking as it’s not safe sometimes. But if you don’t have any option other than the public networks, try to set a VPN software on your mobile. Here safe internet connection matters a lot to have easy access to mobile banking services.
• Especially you are advised to install the best and safe antivirus or antimalware software’s on your smartphone and of course, it is mandatory nowadays to overcome security risks from third parties (like hackers). Remember that, it should be a licensed antivirus software only.
• Don’t worry you will get notified immediately from the respective bank messages every time when you make transactions or any kind of bank operations through your internet banking account. For example, if your account get debited or credited fortunately or unfortunately or suspiciously then you will be immediately notified by your bank. This is why you should subscribe for push message alerts of the respective banks.
• Finally, never click on the suspicious links in your smartphones unnecessarily. Maybe it is a trap from third parties. Following all the above tips might help you to overcome security issues. Moreover these might assist you to experience safe mobile banking services.
Hope the above article may be helpful to some extent especially to the beginners those who are new to this kind of banking service.
