Question: What is the difference between mobile banking and internet banking?

What is the difference between mobile banking and internet banking?

Step by Step Solution

★★★★★

3.43 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The detailed answer for the above question is provided below Mobile banking and net banking are each digital banking offerings that enable clients to ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Banking Questions!

Subject : Strategic Management in a Global Environment Safaricom: Innovative Telecom Solutions to Empower Kenyans As the largest mobile provider in Kenya, Safaricom has touched the lives of Kenyans...

What is the difference between an e-mail and an Internet survey?

What is the difference between the Internet and the World Wide Web?

Africa offers a fast growing and exciting mobile phone market, with more than 50% growth per year since 2002. More than 28% of African consumers own mobile phones; a larger market than North America....

Describe the types of cybercrimes facing organizations and critical infrastructures, explain the motives of cybercriminals, and evaluate the financial Explain both low-tech and high-tech methods...

Capital Bank is a bank based in Ghana. It has a total of 65 branches across the country and also offers online banking (access to services via computer) and telephone banking (access to customer...

Electronic commerce is noted for having a lot of technologies which aids with trading among buyers and sellers. Even though there are numerous technologies, three relevant ones stand out. Discuss the...

Reference: On May 3, 2016, Thomas Andrews, a young investment banker, was examining the current situation of ChimpChange Limited (ChimpChange), a financial technology (fintech) start-up based in...

Which of the following best describes the difference between M-PESA and mobile banking services, like WIZZIT? M-PESA does not take deposits like a bank, but only helps money get transferred across...

Which of the following best describes the difference between M-PESA and mobile banking services, like WIZZIT? M-PESA requires physical banks, while WIZZIT does not. M-PESA required individuals to...

A poll on a proposition showed that we are 95% confident that the population proportion of voters supporting it is between 40% and 48%. Find the margin of error.

If 2 million worth of products are sold in year 1 the products carry a 2-year warranty and management estimates warranty costs will be 3 of sales in year 1 and 4 of sales in year 2 then warranty...

write the following in standard form: 2 x 1 0 ^ 3 + 3 x 1 0 + 4 x 1 / 1 0 ^ 2 + 5 x 1 / 1 0 ^ 4

Ethyl alcohol (ethanol) can be produced by the fermentation of sugars derived from agricultural products such as sugarcane and corn. Some countries without large petroleum and natural gas...

Compressed work weeks are defined as alternative work schedules in which a trade is made between the number of hours worked per day, and the number of days worked per week, in order to work the...

As indicated in the chapter, the FIFO and LIFO inventory methods can result in significantly different income statement and balance sheet figures. However, it is possible to convert income for a LIFO...

In the 33 factorial design of Problem 11-33 one of the responses is a standard deviation. Use the Box-Cox method to investigate the usefulness of transformations for this response. Would your answer...

Find the Thevenin equivalent for the network shown at the terminals A-B. 4mA 10142 6mA

Let fbe a continuous function such that 017f(x)dx=8,1720f(x)dx=-3, and 1320f(x)dx=7.What is the value of

the earliest banks kept customers money and valuables in vaults, and each bank dealt only with its customers financial needs. financial data networks were then created to support an interconnected...

Analyze TWO (2) internal factors and TWO (2) external factors that may affect the system development process. State THREE (3) possible tangible benefits and THREE (3) intangible benefits of...

Explain how does the option "Do Nothing" would affect CFS based on all relevant Organizational Design concepts. Why is it the least appropriate option to take for CFS as an organization. Ensure your...

Q1: Following paragraph is extracted from (Kumar, Lall & Mane, 2017) research paper. Read the paragraph thoroughly and answer the following questions. a)State the research problem of the given study...

Internet banking is now taken for granted by many people, who may be relieved at not having to visit a bank branch or use a telephone call centre to undertake many banking transactions. Mobile...