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1. INTRODUCTION Major Banks and cell phone providers are now oblation what is customaryly known as mobile Banking (Hall, 2009) a random variable of banking services delivered through handheld devices to customers. This applied science has the cap great power to adulterate financial services beyond the reach of ATMs and bank branches to bring home the bacon services to people who couldnt otherwise reach a bank or qualify for a bank account. This technology is already popular in Asia and quickly becoming popular developing countries. OVERVIEW Mobile banking is a newborn technology that offers peregrine handheld device owners instant access to bank accounts and the ability to perform financial transactions. It is also an opportunity for banks to gain a competitive advantage and gain market share. IT (Information Technology) is the easiest and most cost-efficient and rapid behavior to become a global operator (Wu Qing, 2001:818). NTT DoCoMo, Japans biggest wireless carrier stated of its telecommunicate cash service that is a fast and easy way to take care of money matters with friends and acquaintances, (Kenji, 2009). Mobile Banking has created a new market for delivering these services and they are taking on numerous forms. Cell phones that are web enabled do-nothing use net income links to banks to perform transactions.

Higher end cell phones can download applications that can access other accounts such as PayPal (www.paypal.com) and perform financial transactions. Some vendors are even creating ironware attachments for mobile phones such as credit and bank rally swipe devices (Malik, 2009). The government in South Africa which now offers Mobile Banking believes that mobile banking is the solution for converting their largely cash based parsimony to an electronic one (Itano, 2005). They also hope to reduce horror by offering alternatives to people who hoard cash in their homes. This can be a solution for an economic loose like this for all developing countries with cash based economy. CONCLUSION The earnest aspects of... If you want to get a full essay, order it on our website: Orderessay

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