Problems and prospects on mobile Banking in Bangladesh

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Date

2014-05

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HAJEE MOHAMMAD DANESH SCIENCE AND TECHNOLOGY UNIVERSITY, DINAJPUR.

Abstract

The main objective of the study is to find out the problems and prospects of mobile banking in Bangladesh. For this study primary data were used through the interview method. This study adopts with descriptive in nature. Total respondents were 120 within that that there have a problems and prospects of mobile Banking in Bangladesh from 47.60% the respondents, 40.20% of respondent reply that there have no any problems prospects of mobile banking in Bangladesh and 11.875% of the respondents reply that there are remains neutral about the problems and prospects of mobile banking. So, this is a new concept in Bangladesh Banking service and there have a problems and prospects of mobile banking existing in Bangladesh with the Banking services. From this study, other study holder and policy makers will get an insight about the problems and prospects of mobile banking in Bangladesh.

Description

Mobile phones have become a tool for everyday use, which creates an opportunity for the evolution of banking services to reach the previously unbanked population through mobile banking. Mobile banking (also known as M-Banking, m-banking, SMS Banking) is a term used for performing balance checks, account transactions, payments, credit applications and other banking transactions through a mobile device such as a mobile phone or Personal Digital Assistant (PDA).

Keywords

Location/Geographic Coverage, Mobile Banking Background, mobile Banking in Bangladesh

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