Mobile banking allows users to conduct financial transactions through mobile devices like cell phones and tablets. It provides advantages like accessibility anywhere at any time. Mobile banking benefits consumers through constant access to their accounts, and businesses through time-saving payment processing and funds receipt directly to phone numbers. Key features include easy-to-use menu interfaces, secured transmitted data, support on most handsets, and no need to visit bank branches for transactions. Examples of mobile banking platforms are HDFC net banking and BOB net banking.