In Romania m-banking
emerged as a new banking channel in 2000s and nowadays, in 2010, its underlying services are mainly adapted to those technologies available to a large mass of clients: most of the banks rely on SMS-based m-banking
The application, which can be downloaded from the Apple App Store, provides users with a two-factor authentication method for accessing enabled m-banking
, e-banking, e-commerce and enterprise applications.
Mohammad Chowdhury, director of external affairs at Vodafone Egypt, discussed the potentials of what is known as "Mobile Money," particularly M-commerce, M-payments and M-banking
Participants include mobile network operators, with well-known consumer brands and large mobile subscriber bases; financial institutions, with the legal and regulatory authority to store and hold money; and mobile platform providers (often called m-wallet or m-banking
platforms) capable of managing account interaction between the consumer handset, the wireless network and the financial institution.
The launch of the m-banking
service consolidates Standard Chartereda€™s position as a market leader in the use of technology-led financial service products.
Why the enthusiasm on the part of bankers to provide m-banking
: An African Financial Revolution is the culmination of a study conducted in Kenya, Senegal and South Africa to investigate m-banking
in the traditional sense, explore emerging e-commerce applications developed by non-financial companies and examine innovative solutions to assist poor people.
Managing regulatory considerations within the m-banking
ecosystem to enable implementation
The first critical analysis of mobile banking to collect and study empirical data, it investigates m-banking
, explores emerging e-commerce applications developed by nonfinancial companies and examines innovative solutions to assist poor people.
Citi and SK Telecom set up San Mateo-headquartered MMV in 2008, putting in a reported $8 million each in the venture to develop an m-banking
Ghana Telecom University College and with Christian de FARIA, Group Chief Commercial Officer of the MTN Group in South Africa, a company involved in developing networks and services including m-banking
on the continent.
An official at PTA said M-banking
segment of Pakistan has vast potential for growth in the coming years and Authority has developed procedures and mechanisms for receiving complaints and their subsequent satisfactory redressal.