Mobile banking is a system created by economic institutions that enable the buyers to perform specified monetary transactions via their mobile. At current, there are approx. 53 million active customers of Mobile banking in the U.S. Earlier, mobile banking was nothing but a SMS banking services.
 Till 1999, banks offered mobile banking through SMS. http://finnmaccoolsdc.com/dos-and-donts-for-an-effective-marketing-video/ Latest advent of smartphones has changed the situation and now mobile banking is a internet-primarily based service supplied via mobile internet.
 Mobile banking need to not be confused with other characteristics this kind of as mobile wallet that allow transactions via mobiles at the level of sale. Rising adoption of Smartphones and technological developments are principal driving elements for this market place. Lack of awareness concerning the real features of a mobile app produced for mobile banking is moderately demanding its adoption.
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