Evolution and Benefits of Mobile Banking
Mobile banking has revolutionized the relationship of people and firms in general with financial institutions, offering many benefits and conveniences unavailable before. With the advancement of technology, mobile banking is an important emerging trend in the financial sector; its development reflects so much about the reliance of modern society on technology. This paper presents the pervasiveness of mobile banking, provides the associated advantages and challenges, and describes the ways through which the financial scenario is being changed.
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