The bank in your hands
The days when customers run like mad to get to the bank before it closes its doors could be finishing thanks to the growing phenomenon of banking transactions via mobile phone. The use of mobile banking, as it is known in English to this concept, is increasingly strong in this country, experts say. In 2009, for example, 12 million people used a mobile banking service, according to research firm Frost & Sullivan. It is estimated that this number will increase to 45 million people by 2014. There are various types of transactions can make consumers from transferring funds to pay bills and receive alerts if your balance is low, all from the comfort of your phone.
Of course, you have to have a phone type ‘smartphone’, for example, an iPhone or BlackBerry, which has Internet access and offer special applications to access these services. Many times the possibility of using this tool also depends on the cellular provider and the individual bank. John Abell, director of the Wired.com website in New York, it is not difficult to understand the growing popularity of mobile banking. “It simplifies life and saves us a lot of time,” he said. “No more going to the bank, which is great for people who are busy or working during the same hours of operation of banks. No matter the time, the consumer can manipulate their money as they want, “Abell said, adding that financial institutions generally do not charge for these transactions.