Risk Mitigation in Mobile Banking
Material type:
ArticlePublication details: Description: 22-26 pSubject(s):
In:
Indian Banker ( IBA Bulletin as previously Known); 4(8)March 2017Summary: Mobile device is a clear and emerging new channel in the space of banking and payments. Mobile has become an integral part of our life and we are more likely to forget our wallet at home than our mobile phone. Mobile subscriber’s base in India has been rapidly growing and reported 1.03 billion subscribers as per the report published by www.statista.com. Banking upon this rapid growth of mobile subscribers, banks are introducing a number of mobile banking applications to attract their customers to this low cost channel.
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Mobile device is a clear and emerging new channel in the space of banking and payments. Mobile has become an integral part of our life and we are more likely to forget our wallet at home than our mobile phone. Mobile subscriber’s base in India has been rapidly growing and reported 1.03 billion subscribers as per the report published by www.statista.com. Banking upon this rapid growth of mobile subscribers, banks are introducing a number of mobile banking applications to attract their customers to this low cost channel.
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