Preview

Mobile Banking System in Bangladesh

Powerful Essays
Open Document
Open Document
8823 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Mobile Banking System in Bangladesh
Assignment On
Mobile Banking System in Bangladesh Course code: MGT-315
Course Title: Fundamentals of MIS

Submitted to
Mr. Md. Rahimullah Miah
Lecturer of MIS
Department of Business Administration
Leading University, Sylhet, Bangladesh Submitted by
Rahul Kumar Das
ID: 1101010173
Sec-D, 7th Semester (27th Batch) Department of Business Administration
Leading University, Sylhet Date of Submission: March 30, 2013

Table of content CHAPTER | CONTENT NAME | PAGE NO | | Letter Of Transmittal | i | | Dedication | ii | | Declaration | iii | | Acknowledgement | iv | | Letter Of Acceptance | v | | Abstract | 1 | 1 | Introduction | 2-5 | 2 | General Context Of The Study | 6-28 | 3 | Methodology Of The Study | 29 | 4 | Result And Discussion | 30-33 | 5 | Conclusion And Recommendations | 34-35 | 6 | References | 36 | | Appendices | 37-41 | | Profile Of Author | 42 |

LETTER OF SUBMISSION
March 30, 2013
Mr. Md. Rahimullah Miah
Lecturer of MIS
Department of Business Administration
Leading University, Sylhet, Bangladesh

Subject: Letter of Submission. Dear Sir,
It is an enormous pleasure to submit my assignment titled “Mobile Banking System in Bangladesh” assigned as a requirement of our course related.
In preparing this assignment I have acquired many knowledge about mobile banking. I have tried my best to furnish the assignment with relevant data, which I had to collect from online and related journal. I hope this assignment will help the banking sector to gather some insights on the windows to do further studies in this aspect.
I would like to convey my tributes to you and thank you for giving me the opportunity to work on this topic. Your queries in this aspect will highly be expected. Thank you
Sincerely yours

Rahul Kumar Das
ID: 1101010173
Section D
7th Semester (27th Batch)
BBA Program
Department of Business Administration
Leading


References: March 30, 2013 Mr Mobile:01723088369 March 30, 2013
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Case Analysis: Bank of America: Mobile Banking
    • 1202 Words
    • 5 Pages

    Case Analysis: Bank of America: Mobile Banking

    In 2009, 10 million customers used mobile banking and this is expected to grow to 37 million by 2014. Customers that use mobile banking are not the same as online customers. Customers that use mobile banking represent a different segment of the market that other banking customers. Security issues, a perceived low value and expense, were the primary reasons that customers did not switch to mobile banking. Potential customers were reluctant to try a new banking service that are represented an extra cost and they were also afraid of losing control of their finances. Debit cardholders were the most active users. It was convenient for them because they could check their account at any time. Customers that used this service changed their usual banking channels and as a result -the bank had a higher retention for these users of online services.…

    • 1202 Words
    • 5 Pages
    Good Essays
    Read More
  • Powerful Essays

    Bank of America Case Analysis
    • 1693 Words
    • 7 Pages

    Bank of America Case Analysis

    In past years, BofA has been discussing the bank’s mobile strategies concerning mobile banking and how to incorporate mobile banking that is specific to the customer’s business needs such as credit cards and mortgage loans, etc. The growth in mobile users was an eye-opener for the retail banking business and has caused lending margins to drop and new federal regulations to be implemented. BofA continues to struggle to position their mobile banking services in the continuously changing financial industry. The underlying problems facing the organization are the following:…

    • 1693 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Proliferation of Mobile Phone in E-Commerce
    • 1677 Words
    • 7 Pages

    Proliferation of Mobile Phone in E-Commerce

    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
    Read More
  • Powerful Essays

    BofA Mobile Banking case
    • 1695 Words
    • 7 Pages

    BofA Mobile Banking case

    The capabilities of mobile banking through the use of smartphones or mobile web have become popular with today’s bank customers. There are increasing overall growth in mobile banking in the financial services industry.…

    • 1695 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Good Essays

    Technological innovations of the past 50 years
    • 558 Words
    • 3 Pages

    Technological innovations of the past 50 years

    In recent years, there have been numerous milestones in technological advancements such as electronic word processing, social networking, instant messaging, Blue-ray, smartphones, search engines, Satellite TV, Wi-Fi, lithium rechargeable batteries, online stock trading, Bluetooth, DNA profiling, genetic sequencing and many others. These innovations help in our day to day lives especially in the fields of communication, medicine, banking, agriculture, transport and entertainment. One of the most beneficial and successful innovations of the 21st century is mobile phone-based money transfer (MMT). The use of mobile phone-based money transfer has had life changing impacts not only to individuals but also to businesses in the developing countries (Au & Kauffman, 2008).…

    • 558 Words
    • 3 Pages
    Good Essays
    Read More
  • Better Essays

    An Anlysis of Customer Perception Towards Mobile Banking
    • 3144 Words
    • 13 Pages

    An Anlysis of Customer Perception Towards Mobile Banking

    Mobile banking is a way for the customer to perform banking actions on his or her cell phone or other mobile device. It is a quite popular method of banking that fits in well with a busy, technologically oriented lifestyle. It might also be referred to as M-banking or SMS banking…

    • 3144 Words
    • 13 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Role of Information and Communication Technology in Banking in Nepal
    • 318 Words
    • 2 Pages

    Role of Information and Communication Technology in Banking in Nepal

    The major banks of Nepal have now implemented new technology to render service to their client. The technologies they are using are ATMs on major cities, online banking system, and mobile banking system. The use of ATM allows clients to access their cash any time when they are in need of it. Moreover, the implementation of online and mobile banking allows flexibility and comfort to the client to track their savings and spending and also provide the facility of online purchase and payments. By the use this types of information and communication technology has helped to grow the benefits of the institution and simplify the daily operation of the organization.…

    • 318 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Report on Customer Service in Telecom Sector
    • 6351 Words
    • 26 Pages

    Report on Customer Service in Telecom Sector

    I would like to convey our tributes to you and thank you for giving us the opportunity to work on this topic. Your queries in this aspect will highly be…

    • 6351 Words
    • 26 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Analysis of the Islamic Banking System in Bangladesh
    • 2207 Words
    • 9 Pages

    Analysis of the Islamic Banking System in Bangladesh

    First Security Islami Bank Limited (FSIBL) was incorporated in Bangladesh on 29 August 1999as a banking company under Companies Act 1994 to carry on banking business. It obtained permission from Bangladesh Bank on 22 September 1999 to commence its business. The Bank carries banking activities through its Fifty Three (53) branches in the country. The commercial banking activities of the bank encompass a wide range of services including accepting deposits,making loans, discounting bills, conducting money transfer and foreign exchange transactions,and performing other related services such as safe keeping, collections and issuing guarantees,acceptances and letter of credit.At the beginning, FSIBL started their business with traditional commercial banking services.However, from 2008 they converted their business to Islamic Banking with Islamic Shariah Act.The FSIBL has played a pioneering role in shaping the future of the Banking industry inBangladesh since its inception. The Bank started in 1999 with 14 branches and now it has 53 branches in Bangladesh and recently the bank introduce an Exchange House in Canada.The Bank also maintains a comprehensive correspondent relationship with top ranking banks.FSIBL has already started their on-line, SMS and ATM banking facilities for their clients.…

    • 2207 Words
    • 9 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Banking Scenario in Bangladesh
    • 6815 Words
    • 28 Pages

    Banking Scenario in Bangladesh

    Huq, M. Azizul, Islamic Banking in Bangladesh with a brief overview of Operational Problem, A paper presented at the seminar held at BIBM on June 24, 1996.…

    • 6815 Words
    • 28 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Term Paper on Merger and Acquistn
    • 2706 Words
    • 11 Pages

    Term Paper on Merger and Acquistn

    We would once again like to express our sense to gratitude towards you for giving us this opportunity, and sincerely hope that our assignment would give you immense satisfaction. We will always be available to respond to any queries that you may have in this regard.…

    • 2706 Words
    • 11 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Synopsis on Customer Relationship Management
    • 3814 Words
    • 16 Pages

    Synopsis on Customer Relationship Management

    This is to certify that Mr. C. Venkata Naga Sindoor, Reg. No 11AT1E0052 submitted the synopsis report entitled “A Study on Customer Relationship Management with reference to M.S.A. Motors, Kurnool in fulfillment for the award of Master of Business Administration to G. Pullaiah College of Engineering and Technology is a record of bonafide work carried out by him under my guidance and supervision.…

    • 3814 Words
    • 16 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Mobile Banking in Bangladesh
    • 5539 Words
    • 23 Pages

    Mobile Banking in Bangladesh

    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
    Read More
  • Powerful Essays

    Guideline for Mobile Financial Services
    • 2325 Words
    • 10 Pages

    Guideline for Mobile Financial Services

    1.0 Introduction The banking industry of Bangladesh has shown tremendous growth in volume and complexity over the recent years. Despite making significant improvements in all the areas relating to financial viability, profitability, innovation and competitiveness, there are concerns that banks have not been able to include vast segment of the population, especially the underprivileged sections and rural people into the fold of basic banking services. On the other hand, rapid growth of mobile phone users and wider range of the coverage of Mobile Network Operators (MNOs) has made their delivery channel an important tool‐of‐the‐trade for extending banking services to the unbanked/banked population. In order to ensure the access of unbanked people by taking advantage of countrywide mobile network coverage, Bangladesh Bank has brought out these operating guidelines for adoption by the commercial banks of Bangladesh. 2.0 Issuance Bangladesh Bank is issuing this guidelines as per the Article…

    • 2325 Words
    • 10 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Pore Mone Pore Likhbo
    • 2377 Words
    • 10 Pages

    Pore Mone Pore Likhbo

    With the rapid growth in the number of mobile phone subscribers in Bangladesh (about 85.455 million and growing), banks have been exploring the feasibility of using mobile phones as an alternative channel of delivery of banking services. This rapid growth of mobile phone users and wider range of the coverage of Mobile Network Operators (MNOs) has made their delivery channel an important tool-of-the-trade for extending banking services to the unbanked/under-banked population. A few banks have already started offering this service. Acceptance of transfer of funds instruction for credit to beneficiaries of same or another bank in favor of pre-registered beneficiaries have also commenced in a few banks.…

    • 2377 Words
    • 10 Pages
    Powerful Essays
    Read More

Related Topics