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Mobile Banking Generation and Its Benefits  

Posted On     Monday, April 19th, 2021

 

girl shopping online with mobile

 

Get to know more about this trending technology of the last decade. 

In 2015, Google started to encourage the concept of Mobile First, which prioritizes the development of technologies for mobile devices. 

 

This concept is very important, because in recent years we have seen an exponential increase in the use of smartphones all over the world. Providers, then, started to set their phone plans based on each day new demands that started to show on this expanded market.  

 

With this, companies have also started to see the future of the mobile economy and businesses focused on Mobile Banking, such as digital banks, are gaining more and more strength.  

 

Most of the competitive banks nowadays offer customers the option to complete financial transactions via their smartphone or tablet.  

 

This and other moves were made in order to answer to contemporary demands, and companies, this way, look for new manners to adapt to mobile market trends and keep in the big public’s eyes. 

 

According to the Business Insider Intelligence, as of 2019, about 97% of millennials indicated they used their mobile phones to access banking services through a hotspot data.  

mobile banking vector

Check out 5 reasons to use Mobile Banking! 

Now that we can understand the evolution and importance of Mobile Banking, check out five more reasons for you to use this type of resource. 

 

1 – Practicality 

 

Just download an app from your app store and get started. With a few clicks on your smartphone, you can create your account, make payments, transfers, investments and other operations. 

 

2 – Security 

 

Banks are increasingly investing in technology to ensure data security when using this type of channel, thereby increasing consumer confidence. 

 

3 – Accessibility 

 

The applications are free and designed for you to browse in a simple way, being able to find everything you need quickly. 

 

4 – Quality of the user experience 

 

Most users rate the experience with Mobile Banking apps in a positive way. This is because the focus of the banks is to ensure that the customer can solve their problems, carry out their transactions and clear their doubts in a quick and practical way. 

 

5 – Comfort 

 

You have access to your bank in the palm of your hand, from anywhere and at any time. You only need access to the internet to make your transactions, without queues and without bureaucracy.  

 

For these reasons, mobile banking has become essential, both for companies, which increasingly invest in this channel, and for users, who find the convenience that agencies do not always offer. 

 

With this, mobile can grow even more in the coming years, thanks to the evolution of technologies aimed at this area, such as 5G, increasingly powerful mobile devices and artificial intelligence. 

 

 

Did you like this article? 

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Written By: Erika Yukari

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