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Mobile banking project
Mobile banking allows customers to conduct financial transactions through mobile devices. It began with SMS banking and later expanded to mobile web and apps. Standard Chartered Bank offers Breeze mobile banking which allows customers to check balances, transfer funds between accounts, track ATM locations, and more. Muslim Commercial Bank offers SMS banking services that enable customers to make payments, check balances, and view statements on their mobile phones. Mobile banking provides convenience for customers and has significant potential for growth in Pakistan given the large number of mobile users compared to bank account holders.
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Mobile banking project
- 1. Mobile Banking To: Sir AdnanAshraf By: Quaid-E-Azam Group 1
- 2. Quaid-E-Azam Group Members: Akbar Butt ArfanAfzal Farhat Abbas Gohar Iqbal Zeshan Attique 2
- 3. What is MobileBanking? A part of E-Commerce, Mobile banking is a system that allows customers of a financial institution to conduct a number of financial transactions through a mobile device such as a mobile phone or personal digital assistant. 3
- 4. Over view ofMobile Banking The earliest mobile banking services were offered over SMS, a service known as SMS banking. The first European banks started to offer mobile banking on this platform to their customers. In 1999, With the introduction of smart phones with WAP (wireless Application Protocol) support enabling the use of the mobile web 4
- 5. Conti…. Mobile bankinghas until recently (2010) most often been performed via SMS or the mobile web. Apple's initial success with iPhone and the rapid growth of phones based on Google's Android (operating system) have led to increasing use of special client programs, called apps, downloaded to the mobile device. 5
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- 8. Standard Chartered Bank Service is provided by one of the leading banks of Pakistan Enables the customer to bank twenty four hours and seven days a week It provides three categories of services under the mobile banking heading, which are Breeze mobile SMS banking Alters 8
- 9. Type of services The Breeze mobile banking helps the client to control so that they can do more within the time, SMS banking helps the client to get the account transactions However the alert service helps to receive free SMS and email alerts of transaction. 9 Standard Chartered Bank
- 10. Breeze Mobile Application Withthe Standard Chartered Breeze app, the internet banking customers of Standard chartered bank will be able to: Check their account balance Check transaction history Transfer funds to other standard chartered and local bank account Track the nearest ATM location 10 Standard Chartered Bank
- 11. In otherwords Breeze was designed with two things in mind; the mobile, and you. With Breeze, you can see and move your money anytime, anywhere. It combines an intuitive interface with a strong set of features important to mention here that the brand name “Breeze” is a property of Standard Chartered and the same app is used for various other countries by SCB to offer a mobile optimized experience to customers. 11 Standard Chartered Bank
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- 14. What isSMS Banking by MCB? SMS Banking for the clients of The Mauritius Commercial Bank is a service that allows customers to access their account information and operate accounts via ‘SMS’ on mobile phone. 14 Muslim Commercial Bank
- 15. Muslim Commercial Bank MCBmobile banking serviced helps the client To make payment, Inquire account balance, To view mini statement of the account whether you are in office, or at home or elsewhere in the world. 15
- 16. With billionsin digital payments, this service helps the customer to make payment directly from mobile phone, irrespective of which mobile service you are availing. 16 Muslim Commercial Bank
- 17. Mobile walletis a service that makes your smartphone a wallet itself which you can take anywhere with you. This mobile service enables you to digitally load money into your wallet directly from your account. It helps you to avail banking services without switching to any other operator or smartphone. 17
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- 19. Importance of MobileBanking Introduction of new technologies. Control costs, removal of cost duplication Provide to increasing online channel customers Personalize customer interactions Unparalleled convenience and proactive customer service 19
- 20. Interesting Facts European& Asia-Pasific regions are considerably ahead of US in term of Mobile Banking Pakistan has 90 millions mobile users whereas there are only 26millions Bank Account holder in Pakistan and that is why Pakistan has great potential for Mobile Banking and bring un-bank people in the Banking fold. 20
- 21. Mobilink isthe first mobile operator to lanch a mobile payments solution in Pakistan under the name Mobilink Genie in Dec. 2007. MCB mobile takes the lead with over 11,000 customers and Rs. 60 millions worth of transactions in the first month of its launch. 21 Interesting Facts
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- 24. Conclusion It isconcluded that Mobile Banking is not only one the most leading and successful product but it is also an essential for the growth of any developing country especially if we observe in the context of Pakistan it clearly indicates that in future Mobile banking will be a product that will provide a gradual boost to the economy. 24
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Editor's Notes
- #12 , which means you get the best of both worlds: simplicity and power.