Q.Write a short note on: Mobile Banking

Mobile banking is the use of a mobile phone (through a banking app, SMS or USSD) to perform banking services such as balance enquiry, fund transfer, bill payment and mini-statements, giving customers 24x7 access to their accounts without visiting the branch. ## Mobile Banking Mobile banking is a service provided by banks that allows customers to conduct financial and non-financial transactions using a smartphone or mobile device. Through a mobile banking app or SMS/USSD service a customer can check the account balance, transfer funds (NEFT, IMPS, UPI), pay utility bills, recharge a phone, request a cheque book and obtain a mini-statement. It is a part of e-banking and offers the advantages of convenience, speed, round-the-clock availability and reduced need to visit the bank branch. …