Mobile Banking Surveillance – Issues, Merits and Limitations

Mobile banking refers to the utilization of mobile phones / cellular contrivances to perform bank transactions. In an era of emerging technology banking determines the financial stability of a country. Technology has embraced the banking sector with the agenda of enhancing core banking value in the form of ‘Digital Transformation'. Technology plays a vital role in bridging business and financial technology which embarks banking sector to function successfully. The main objective of this paper is to discuss about the merits and challenges, to identify the difficulties faced by the customers through mobile banking and to analyze the recent trends by amending Mobile Banking accommodations prosperously.