Mobile Banking: Advantages and Disadvantages

Mobile banking refers to the use of mobile phones in carrying out banking operations and it has greatly enhanced how individuals deal with their banking institutions. One major benefit of having control over finances is the convenience and efficiency of being able to do it on the go in the current society. Nevertheless, while mobile banking has numerous advantages, it also poses certain threats that have to be resolved to make the service secure and efficient. This article presents the advantages and disadvantages of mobile banking and thus, provides a balanced insight into the…