Preview

Airasia : the Sky's the Limit

Best Essays
Open Document
Open Document
3860 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Airasia : the Sky's the Limit
MOBILE BANKING

literature review

Introduction:
Technological advances impact our daily life dramatically and has become part of it as they involve in nearly all areas. In other words, Technological advances have a significant impact on every aspect of our lives. In recent decades, the world has experienced a huge technological revolution that has raised the level of performance and quality in various fields and redefined the way business is done. Therefore, companies must keep up with this evolution to get benefit from it. People nowadays are always busy, looking for what facilitates their life, and enables them to do their jobs efficiently and easily. Internet enables people to do a lot of things in all areas, such as buying, selling, learning, entertainment and others. Smart phones now came to replace Internet job at anytime and anywhere where its involved in many fields Banking for example is one of them ,we can use smart phones to do a lot of bank operations without the need to visit the bank or the website, either by SMS, web browser or special bank's application download on the smart phone.
Banking industry in Palestine is one of the largest sectors in the economy, competition among banks makes it necessary to look for what's new and extends beyond the traditional services, technology helps banks in all process and simplified the complex work . ATMs, internet banking , phone and mobile banking all of these are outcomes of technological advances, the service is now offered through computer ,laptop, Mobile and other telecommunications mediums.
The mobile has become indispensable aspect in our life since it can be used at anytime and anywhere. The mobile now is not only a way to talk and send messages, but also it goes beyond and become a tool used in different areas (Multifunctional) such as; trade, business, buying and selling, banking..etc.
This research aims to investigate the prevalence of mobile banking in the Palestinian society and how

You May Also Find These Documents Helpful

  • Best Essays

    Sustainability and Cc

    • 3777 Words
    • 16 Pages

    Technological advances in general bring about new trends. These trends should be monitored so that companies could adapt and innovate its products and services to meet the evolving needs of the consumers in the future. Cross-functioning teams must be made to address and react to these trends.…

    • 3777 Words
    • 16 Pages
    Best Essays
  • Satisfactory Essays

    Mobile banking investments have very high ROIs – into the multiple hundreds of percent – when largely…

    • 10122 Words
    • 41 Pages
    Satisfactory Essays
  • Powerful Essays

    This Paper explores five published articles that reiterate the proliferation of mobile phone in E-Commerce and how mobile phone has penetrated in the day to day commerce industry. These articles agree that mobile phone usage is growing at a faster rate its future in E-Commerce is very bright. Zorrille Ltd (Ecommerce article) explained how the field of wireless technology is tremendously increasing. Ferner (2011) gave us 21 ecommerce applications for mobile phone that are being used to facilitate ecommerce, and how businesses are coming up with applications after another to make it easier for them to conduct business. Consumers and businesses are conducting their business on a mobile device through an application (commonly known as apps) that can be downloaded on the mobile device. Once the app is downloaded, users have the power to use the mobile device to make purchases from virtually anywhere. Lui (2011) wrote on the usage of mobile phone and how it is reshaping the E-Commerce virtually anywhere. He explained how living in a constantly connected world makes mobile phone a preferred mode of business. Akei &Mbiti (2010) and Ochieng(n.d) analyzed the impact of mobile phone in our financial transaction and touched on how the African continent has benefited in mobile financial transactions by using M-PESA (“M” stands for mobile; “PESA” stands for money in Swahili).…

    • 1677 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    The technological growth taking place in the world today is doing so very rapidly and there are new advancements being made with each passing day and this is possible owing to the large number of extensive programmes of technological research currently being done by a large number of researchers working within non-profit research organizations, business and universities. The developments being made today are very strong and are very pervasive forces in the business environment today. Technology can easily be referred to as the scientific knowledge to the practical problems we are experiencing in the world today. There is no denying that the impact of technology in the world today is huge and can be categorized Into how it effects our society today and how it influences the business activities and operations…

    • 2910 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Kabir, M. R. (July 2013). Factors Influencing the Usage of Mobile Banking: Incident from a…

    • 5860 Words
    • 39 Pages
    Powerful Essays
  • Good Essays

    Principals of Management

    • 670 Words
    • 3 Pages

    Technologies change how we work, produce goods, and deliver services. Change continually creates both new opportunities and new demands for lowering cost and for achieving greater innovation, quality, and speed. Change is happening more rapidly and dramatically than at any other time in history. If you don’t anticipate change and adapt to it, you will not thrive in a competitive business.…

    • 670 Words
    • 3 Pages
    Good Essays
  • Best Essays

    “Islamic banking is a growing sector with its diversity in different segments and spectrum. It…

    • 2616 Words
    • 11 Pages
    Best Essays
  • Satisfactory Essays

    Swat Analysis

    • 1986 Words
    • 8 Pages

    ANS. Yes, the virtual and telecommunicating trends are followed in the Bank Alflah with the help of mobile banking, email, e-banking and web banking.…

    • 1986 Words
    • 8 Pages
    Satisfactory Essays
  • Powerful Essays

    Introduction: In a constantly changing world of today, where past is replaced by dynamic present and the dynamic present is being replaced by more challenging future, the old ways of doing things is no longer valid. Change is permanent and a reality. Those who are not able to keep pace with the changes are destined to loose the race. Science and technology is changing the way financial institutions perform their transactions. Today’s banks are shaking by these technological changes. Life has never been so easy, comfortable, and luxurious. Science and technology have brought our life to this stage. But a new technology brings with it not only the potential for success but also a never-ending series of questions regarding its design, its value to its users,…

    • 5615 Words
    • 23 Pages
    Powerful Essays
  • Powerful Essays

    Mobile Banking in Bangladesh

    • 5539 Words
    • 23 Pages

    Mobile banking is one of the latest tools for easy and convenient banking in the current world. Day to day mobile payment and banking has become popular in Bangladesh. “Mobile Banking System in Bangladesh” is the title of this assignment. The main objective of the study is to take a fresh look at the current M-Banking situation in Bangladesh and prospect of mobile banking in Bangladesh also highlight some recommendations for rendering M-banking services effectively. Mobile Banking is a Banking process without bank branch which provides financial services to unbanked communities efficiently and at affordable cost. To provide banking and financial services, such as cash-in, cash out, merchant payment, utility payment, salary disbursement, foreign remittance, government allowance disbursement, ATM money withdrawal through mobile technology devices, i.e. Mobile Phone, is called Mobile Banking. “Dutch-Bangla Bank Limited” (DBBL) has for the first time introduced its mobile banking service expanding the banking service from cities to remote areas. Currently many bank are providing this service and some bank are going to lunch this M-banking service. Among them “BRAC Bank Limited” mobile banking service named Bkash, Banglalink, Dhaka Bank and Western Union”, “Dutch-Bangla Bank Limited” services are most popular.” Bangladesh”, also provide mobile money services seems like m-banking. Mobile banking is not available on every device and still some popular bank does not provide mobile banking at all. The most potential customer of mobile banking is rural people. About 35% of mobile banking consumer are highly satisfied with present mobile banking service. After analyzing collected data eventually put some recommendation that may be proposed for further improvement of Mobile Banking in Bangladesh. In recommendation to reduced M-Banking limitation all banks should provide this opportunity, Government should provide help about mobile banking. Banks can use all…

    • 5539 Words
    • 23 Pages
    Powerful Essays
  • Satisfactory Essays

    The second was a feature called 'net safe light', which limits damages from credit-card misuse. An account holder with a credit-card limit of, say, Rs 5 lakh might hesitate to make a purchase of Rs 2,000 via mbanking. This new feature lets the account holder create a virtual credit card on the mobile for the transaction value-in this case, Rs 2,000.…

    • 5199 Words
    • 21 Pages
    Satisfactory Essays
  • Powerful Essays

    The topic of our research is about Islamic Banking being completely Islamic or unislamic. We extended our work to know about the perceptions of students and workers working in Islamic Banks and people having investments in those.…

    • 4745 Words
    • 19 Pages
    Powerful Essays
  • Best Essays

    The Islamic banking system is currently spreading fast through many Arab and Muslim countries. The question here Why Islamic banks are getting popular? Islamic banking has the same purpose as conventional banking except that it operates in accordance with the rules of Shariah and the religious teaching underpinning Islamic finance and banking is concerned about justice in financial contracts to ensure that none of the parties is being exploited and this is what the clients want. My methodology in this research for this topic is by searching in books, websites, newspaper articles and asking experts. The results of this research are I have noticed that Islamic Banks have not been severe difficulty and have not been affect so much by the global economic crises. Many people turned to Islamic banks in the last few years especially global financial crisis. Islamic banking system is the best financial alternative after the global financial crisis…

    • 3154 Words
    • 13 Pages
    Best Essays
  • Satisfactory Essays

    Mobile Banking

    • 367 Words
    • 2 Pages

    Page - 1 Mobile Banking (also known as M-Banking, m-banking, SMS Banking, etc.) is a term used for performing balance checks, account transactions, payments, etc., via a mobile device such as a mobile phone. It was Internet Banking, which ushered in a new era in banking convenience by bringing the entire operations to the computer, and now mobile banking promises to take it to the next level. Internet Banking helped give the customers anytime access to their banks. Customers could check out their account details, perform transactions like transferring money to other accounts, and pay their bills, sitting in the comfort of their homes and offices. However, the biggest limitation of Internet Banking is the requirement of a PC with an Internet connection, not a big obstacle if we look at the US and the European countries, but definitely a big barrier if we consider most of the developing countries of Asia like India and China. Mobile Banking addresses this fundamental limitation of Internet Banking, as it reduces the customer requirement to just a mobile phone. Mobile usage has seen an explosive growth in most of the Asian economies like India, China and Korea. The main reason that Mobile Banking scores over Internet Banking is that it enables 'Anywhere Anytime Banking'. According to Cellular Operators Association of India (COAI), the mobile subscribers' base in India hit 40.6 Million in August 2004, and it will be almost 80 Million in 2008, i.e., nearly double. We all expect 2009 set to be a big year for Mobile Banking. After a slow start at the turn of the millennium, it would seem this time around, that the devices, the networks, and the users have finally started using "Mobile Banking". The majority of the Indian banks, whether nationalized bank or privatized, are already involved in offering mobile services to their customers. Several banks have even tied-up with mobile phone operators and service providers to carry out transactions on mobile phones. While…

    • 367 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    management information

    • 3956 Words
    • 15 Pages

    This report focuses on the role of Mobile Banking and its potential to provide basic banking services to the vast majority of unbanked people in world. The rationale for M- banking as an appropriate tool for transforming banking stems from two observations; traditional retail banks do not deliver services tailored to fit the currently unbanked which has led to a gap in the market. Further, the fast diffusion of mobile telecom networks has enabled M-banking service operators to draw on the geographic coverage of mobile networks and diverse needs of the client base. Hence, the common assumption behind M- Banking ventures is the potential of mobile phones as a channel for undertaking financial transactions. The objective of the study is to take a fresh look at the current M-Banking experience in a selected number of countries using primary and secondary data from the existing pool of literature.…

    • 3956 Words
    • 15 Pages
    Best Essays