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Mobile banking
This document discusses how mobile banking is improving Bangladesh's national economy. It defines mobile banking as conducting financial transactions through a mobile device. Mobile banking was first introduced in Europe in 1999 and Bangladesh in 2011. It allows customers to access services like funds transfer, bill payment, and check balances. Mobile banking has grown significantly in Bangladesh, with over 23 million active users conducting billions of dollars in transactions annually. This growth is due to factors like high mobile penetration and limited traditional banking access. The document argues that further developing mobile banking products and addressing security concerns could help drive financial inclusion and economic development in Bangladesh.
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Mobile banking
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- 6. CAPT ALAUL Roster 7 OBC82 MOBILE BANKING : A GREAT IMPROVEMENT IN NATIONAL ECONOMY
- 7. The Aim ofthis presentation is to discuss how Mobile Banking is improving our national economy. AIM
- 8. SCOPE 1) What ismobile banking? 2)The history of mobile banking. 3)Mobile banking conceptual model. 4)History of Mobile Banking in Bangladesh.
- 9. 5) How doesMobile Banking works. 6)Present condition of Mobile Banking. 7)Advantage & Concerns. 8)Mobile Banking and Economic Development in Bangladesh.
- 10. 9) Choose thebest. 10) Recommendation. 11) Conclusion.
- 11. Mobile banking isa system that allows customers of a financial institution to conduct a number of financial transactions through a mobile device such as mobile phone or personal digital assistance. What is mobile banking?
- 12. First in Europeand came into service on 1999. HISTORY
- 13. A mobile bankingconceptual model Mobile accounting Mobile financial information services Mobile brokerage
- 14. Mobile Banking in Bangladesh Mobilebanking was first introduced in Bangladesh on May 2011 by “Dutch-Bangla Bank Limited”. Bangladesh Bank has already allowed 19 banks to initiate mobile banking.
- 15. Popular Mobile BankingServices In Bangladesh
- 17. What required toOpen a Mobile Bank Account? • National ID • Passport Size Photo •Mobile Phone
- 18. Population - 160mn Mobile User- 116.23 mn MFS user- 16.7 mn The huge mobile penetration makes mobile banking as the biggest alternative financial channel Only 14.37% of telecom base Still there is a potential ready base of 99.53 mn telecom customers
- 19. Mobile Banking Snapshot (Feb2017) Bank with mobile banking license: 28 No of Bank launched the service : 19 No of customer: 49.8 million Active customer: 23.9 million Total number of transaction: 13.40 million Total transaction in amount: BDT 22,327 Core Data Source: Bangladesh Bank
- 20. SOME FACTS Rural peopleare the potential customer 35% of m-banking customer are highly satisfied Some village people do not trust mobile banking
- 21. TRANSACTION PATTERN Cash in,43% Cash out, 37% P2P, 17% Salary, 1% Utility, 2% Others, 1% After 3 years of evolution mobile banking in Bangladesh is still concentrated on the money transfer part. Still there is an opportunity of introducing new and innovative lifestyle products.
- 22. ASPECTS OF IMPROVEMENT Mcommerce ecosystem Topup M-payment Ticketing M-bill pay M-salary Promotional Campaign M-gifting Government payment Inter operability Insurance Loyalty program M-wallet Local remittance International remittance
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- 24. GO EASY &SAFE
- 25. Safety has beenone of the major critical points for mobile banking. Concern has always been expressed by various stakeholders regarding safety of this system. Concerns
- 27. Govt should easierthe process to lunch mobile banking service. Employees of customer service’s co- operation. User guide. Security. Recommendation
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- 29. Don’t call itDream Call it A Plan.
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