Why use mobile banking service?

Why use mobile banking service?

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The Nigerian banking system is fast moving from a traditional sector with rapid embracing of mobile technology to ease service delivery and enhance customer experience.[blockquote right=”pull-right”]Mobile bankers have more control over their money and financial transactions as the system offers more convenience to users than calling their banks or physically visiting the bank branch. Financial transactions can be conducted any day, including Saturdays and Sundays, at any time of the day, and during public holidays when banks do usually close to the public.[/blockquote]

The system is one of the products of the use of mobile technology by Nigerian banks that allows customers of financial institutions to carry out a number of financial transactions via a mobile device such as mobile phones, tablets and other mobile devices. Apart from giving bank customers the opportunity to bank anytime, they can also bank anywhere where there is phone signals.

Mobile banking avails users of the opportunity to easily access their accounts and ensures proper account security. Mobile bankers have more control over their money and financial transactions as the system offers more convenience to users than calling their banks or physically visiting the bank branch. Financial transactions can be conducted any day, including Saturdays and Sundays, at any time of the day, and during public holidays when banks do usually close to the public.

The system also provides users with up-to-date information about their accounts. Users can easily track their balances and even truncate potential fraudulent transactions on their accounts.

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Kayode Oladeinde Technology Journalist at Technology Times. Mobile: +234 (0) 7031526929

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