Mobile banking: Transforming banks across the globe

Cutting-edge technology and evolution in FinTech sector have completely transformed the way banks operate today. It has made banking simple, convenient, and fast for users by digitizing most of the banking operations.




The impact of technology on traditional banking has been something of a mixed bag. On the one hand, Neobanks are posing existential threats to the traditional banks. Whereas, on the other hand, mobile banking is helping banks to streamline their workflow, increase efficiency, reduce costs, and get access to wider audiences.

Mobile banking is surely a win-win for both banks and users. Below are a few stats that show the prominence and potential of mobile banking:


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