Dissertation on mobile banking in india

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Skip to dissertation on mobile banking in india content. Log In Sign Up. International trade has been revolutionized and both the developed world and emerging economies have continued to grow. The evolution of computing has greatly contributed to economic growth, with the development of mobile computing devices, a very convenient way of transacting business and communication around the globe has been developed.

Mobile Money is money that can be used or transferred via a mobile device and it can be used to pay for a variety of services including bus tickets, groceries, read article bills Jenkins, Fundamo was later acquired by Visa Inc.

Emerging economies have had great economic challenges that have continued to hinder trade expansion. One of the major problems experienced by the underdeveloped world is lack of financial solutions including access to financial services dissertation on mobile banking in india dissertation on mobile banking in india as credit facilities.

Lack of access to research paper on human trafficking in india services is a major problem. These challenges necessitated Safaricom Kenya, a subsidiary of Vodafone to replicate the Fundamo idea and create a mobile payment system commonly referred to as M-Pesa meaning Mobile Money in Kenya in dissertation on mobile banking in india year Pesa is a Swahili name for money. However, after roll-out it turned out that this service can conveniently be used as a money transfer platform between the urban breadwinners and their families in rural areas where there are few source no banking facilities.

The main money transfer system dissertation mobile the Postal Office Money Order service which was slow and inconvenient, and the commuter bus service platform which was unsecure and slow.

Since Safaricom had captured the majority visit web page mobile phone customers, making it almost a monopoly, it was easy for them to roll out the Mpesa money transfer service which became widely accepted.

banking india

Their findings indicate that credit and debit cards have already saturated the US dissertation on mobile banking in india providing the convenience that MPayments offers in high cash intensive economies. Mobile Payment includes mobile money, mobile banking, mobile money remittance, digital currency or digital money, and dissertation on mobile banking in india wallet.

It generally refers to payment services operated under financial regulation more info performed via a mobile device. Mobile money is different from mobile banking.

According to Donner m-banking is a set of applications dissertation on mobile banking in india enable people to use their mobile telephones to transfer funds, store value in an account linked to their handsets, manipulate their bank dissertation on mobile banking in india, and access credit or insurance products. Mobile money, as with the M-Pesa dissertation on mobile banking in india, is the dissertation on mobile banking in india concept except there is no read more with a bank account, neither does one require a bank account to run the M-Pesa account.

M-Pesa M-Pesa has spread quickly since its inception in March Within one year of its inception it gained about 2 million subscribers.

According to the World Bankmore than half of the world's poor don't have bank accounts, leaving them vulnerable to loss, theft, and exploitation. The poor face bureaucratic, travel distance, and cost barriers in the struggle to find /how-to-write-a-political-science-essay-questions.html solutions.

Comparing the statistics above it is clearly evident that mobile money solutions can contribute positively to money volatility and economic growth dissertation on mobile banking in india rolled out successfully throughout the world. The Safaricom M-Pesa product offers services including wireless airtime top-up, ticketing, money transfers, loans, betting, and bill payments.

This is equivalent to 85 percent of the total national economic output Safaricom, The service has been lauded for giving millions of people access to the formal dissertation on mobile banking in india system. The reduction of crime is also a social positive impact of M-Pesa.

The most interesting part of the Mpesa system of mobile payment is that it does not require an app, a smart phone, or internet connectivity. It is directly initiated through the mobile carrier network and even the 2nd and 3rd generation mobile phones are compatible.

However, in the developed nations the concept of mobile banking is more common. This process is referred to as the authorization and initiation of dissertation on mobile banking in india process.

In this concept banking india devices act as a connection between the bank and account holders as an alternative to visiting a bank dissertation on mobile banking in india or calling the bank to speak to a teller to dissertation mobile this transaction.

It was found that the security measures put in place by Safaricom ICT department to secure M-Pesa users are acceptable to majority dissertation on mobile banking in india the respondents. The financial accounting statement basics concentrated on identifying how the service provider works with banks to secure the service.

The MNO had not introduced lending services dissertation on mobile banking in india enable users to get banking india accessible loans and had not introduced a variety of services besides P2P transactions. The researcher did not analyze the effects of Mobile Money on the banking industry.

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