Omnichannel Banking

3 signs you’re witnessing the rise of mobile banking

Imagine the yesteryears when people would go to work late in order to visit their bank. People would mark their calendars to remember bank holidays. Technology has transformed the banking world so much so that we don’t even remember when we previously visited our banks.

When everything we do is now shifting online, it is logical that banking will follow suit. Technology has grown in leaps and bounds. With mobile apps becoming a necessity, our banking experience has truly become a hassle-free experience. While there are numerous benefits of using mobile banking, there are numerous signs that we’re just seeing the start of mobile banking era.

Queues are passé: Remember going to bank with your cheque books and passbooks? Or when you needed to wire in money to  someone? The days of standing in queue in the middle of a working day is now truly over. Won’t you rather open your app and tap a few buttons to do all your banking-related work from the comfort of your home?

Choose your working hours: Banks have strict working hours that makes it hard for you to adjust your schedule if you need to visit the bank, Well, with mobile banking, you now no longer need to worry about the opening and closing hours. Transact when you want at your own convenience. Isn’t that truly blissful?

Instant transfers: With UPI and other instant money transfer methods (digital wallets,, BHIM, etc.), you no longer need to wait for days to see your cheque clear. This helps so many people and businesses work according to their schedule and not according to the bank’s schedule.

Cloud computing, AI, and IoT are just some of the technologies that are helping banking grow. You can now open virtual savings account and enjoy the convenience of bank in your everyday life. This is the era when banks will come home to customers.

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