Thursday, September 20, 2018

All about mobile banking.. 🏦 🏦

Mobile banking is a service provided by a bank or other financial institution that allows it's customer to conduct different types of financial transaction remotely using a mobile phone or a tablet.It uses software, usually called an app, provided by the banks or financial institutions for the purpose.Each Bank provides it's own mobile banking app for Android and iOs mobile platform.
1) Popular apps are:-BHIM UPI,Phone pe, paytm,and mobikwik etc.

 A small info about BHIM UPI:-
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BHIM-Bharat Interface for Money-is developed by National payment Corporation of India(NPCI)and uses UPI system for completing transfers and payments.Unified payment Interface(UPI)is payment system through smartphone in both offline and online modes but the people who are new to this digital world doesn't know how to operate BHIM.So by know some steps ,we can use BHIM UPI.

ADVANTAGES  OF   DIGITAL PAYMENTS:-
1)Easy and convenient.
2)pay or send money from anywhere.
3)written record.
4)less risk.
5)Time saving.

DISADVANTAGES:-
1)Difficult for a non technical person.
2)The risk of data theft.
3)overspending.

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