Mobile banking makes money transaction easier

MOBILE banking is a service rendered by the banking sector of Bangladesh through mobile network for receiving and sending money. A small number of banks in Bangladesh are currently providing this service. They are BRAC Bank (bKash), DBBL (Rocket) and some more. Mobile banking is fast expanding and some of the major contributions are: -

* It is easy to create a mobile account

* Transaction time is faster

* It is easy to deposit and withdraw money

Since a large number of students from rural areas do not have bank accounts, they take the help of mobile banking service for financial transactions. But they have to face difficulties while doing so, which need to be removed.

My parents send money for my living cost in Dhaka through mobile banking because the nearest bank branch is quite far away from our village home. It is also difficult to go to a bank frequently for depositing or withdrawing a small amount of money. My parents can easily send money any time anywhere by availing mobile banking service. In urban areas however, mobile banking is more convenient and useful. People buy products online and make payments thereof through mobile banking. Many online shops also offer discounts from time to time for payments through mobile banking service. Above all, mobile banking has made financial transactions easy and simple.

Sukanta Kumar Halder

Department of Business Administration

East West University, Dhaka

[email protected]