What is likely to determine which mobile banking systems succeed?

Expert Solution

Answer: Mobile banking system- This is a new technological advancement, provided by banks, banks enable customers to do banking through mobile also, they can avail banking services sitting anywhere. They can transfer money, pay bills and trade in stock market through mobile banking. Mobile banking system saves time of the customers, it provides one stop shop for many financial products under a single umbrella.

There are few major factor that determine which mobile banking system is better-

(1): Convenience- Mobile banking system should be convenient and compatible for customers. It should be compatible with many devices and operating systems.

(2): Security & Safety- This is the biggest and main factor of succeeding mobile banking system, security and safety of money is very important.

(3): Easy and user friendly- System should be easy to use and understand and it should be user friendly.

jeff jeffy answered 1 year ago

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