Articles
5 Tips To Smart Mobile Banking
by Giselle Lobo Writer & BloggerWith every passing day, digital
banking is getting simpler and convenient. Banking has come a long way – from
breaking the norm of standing in long queues to mobile applications, every transaction
requires only one action, a click of the button. Thanks to the rapid usage of the
clever device called a smartphone; everyone can buy anything and everything
through various apps right from groceries to shopping online to paying bills to
making payment at the Kirana store and much more.
With the help of a banking
app, you can track your account, receive the bank statement, open an account,
send/receive money and lots more. However, banking with your mobile phone
requires some amount of common sense. Following are 5 tips to smart mobile
banking:
1)
Download bank applications: You no more have to rely on the mobile browsers to keep
a check on your bank account. Almost every bank today has their apps that you
can download through Apple and Google Play Store. Also, some banks solely
function through smartphone like DBS DigiBank. It is the one stop solution for all your banking
needs. No paperwork, signatures or bank visits need to be made from your end.
Your Aadhaar and PAN card would suffice.
2)
Mobile wallet:
Whenever you make any purchase, you have to use your credit/debit card. Some
are not comfortable with providing their card details on the portals. To do
away with card usage, humankind is blessed with mobile wallets. They allow you
to make payment through them at any place and for anything. All you have to do
is transfer some funds to the wallet from your account through net banking and
start your shopping. Some of these wallets have their pre-paid card as well.
3)
Call-to-Pay/IVR services: There will be times where your data connection will be
weak. In such cases, you can use the Call-to-Pay or IVR option. These services
are meant for checking account balance, and providing other financial
solutions. To ensure you enjoy a safe and secure digital banking, banks are
offering these facilities with voice recognition software for account holders.
4)
Social media:
Considering many people are connected with their family and close friends
through social media apps, there are means by which you can conduct digital banking
through them. It is the latest buzz word in India. Facebook, WhatsApp are some
of the front runners in making this possible. You can also send funds through
Twitter. Third-party wallet companies are also assisting users to manage their
finance using social media.
5)
Payment Bank Concept: The Indian Government is ensuring everyone has access
to basic banking experience through the Payment Bank concept. This concept also
covers mobile phones. They urge the mobile wallet firms, telecom providers, retailers,
and others to especially help those who are unaware of how a banking app works.
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About Giselle Lobo 
Writer & Blogger
32 connections, 1 recommendations, 130 honor points.Joined APSense since, September 14th, 2017, From Melbourne, Australia.
Created on Oct 16th 2018 01:21. Viewed 709 times.
