Mobile Banking refers to the provision of financial services including banking, commerce, payment, etc to banked or unbanked customers with the use of mobile phones. The communication medium can be SMS, WAP, SIM, USSD or an application built on the phone.

The services offered may include facilities to conduct bank and stock market transactions, to administer accounts and to access customised information

		Banked & Under-banked Customers			Un-banked Customers
		Basic Banking:- Provides customer to avail of features like Balance Enquiry, Cheque status, Account Statement, Stop payment, etc. Money Transfer:- This provides customers to transfer money from one account to another either in the same bank or other bank Remittance:- Allows customers to transfer money from foreign workers to their home countries. Bill Payments:- Provides customer to avail of features like Electricity, Water, Telephone, Mobile Bill payment. Recharge:- Customer can Recharge mobile currency and other prepaid accounts			Cash Deposit:- Customer can deposit cash with the bank agent which is also updated in the bank database, no verification is required in this case. Cash Withdrawal:- Customer can withdraw from account, physical cash is provided to customer by the bank agent. Fingerprint besides other information is used for verification Balance Enquiry:- Provision to check balance in the account. Loans:- Customer can apply for loans, check for status of loan.

For more information on our mobile banking expertise contact us at info@thinkways.com