Mobile banking in short is a set of services which allows customers of financial institutions to execute transactions like money transfers, paying for shopping and withdrawing money using only smartphones, tablets or other mobile devices without any additional effort. Quick and easy way of managing your finances.
Thanks to constant development of smartphones and mobile devices which became cheap and very popular in our country (47% of all mobile phones in Poland are smartphones) almost 3 million Polish people have access to still quite new services of mobile banking.
This is a great solution for students who are looking for cheap and easy to use services but it will also be useful for travelling managers, company owners or freelancers who needs to get easy access to money during their trips. Mobile banking is convenient to use in every situation; for example, you would like to pay for a drink at a party? No problem, you can do that in no time or maybe your friend asks you to lend him some money and you don’t have any in your wallet at this moment?
You can also check your account balance but it is so obvious that it is not worth mentioning. What is not so obvious that you can use the geolocalization service in your phone and get information about promotions during shopping at a specific time and location. Quite useful but what about our privacy? Why should my bank know what I bought and where I bought it? Another problem is one device with access to our financial resources and personal information. The security aspect is crucial here. How to prevent unauthorized access in case of theft or loss?
Transactions performed by smartphones are still in minority but this trend is changing like functions of m-banking in Poland which are still evolving and we can expect that a number of threats will be growing and for sure these threats will evolve too.Transactions performed by smartphones are still in minority but this trend is changing like functions of m-banking in Poland which are still evolving and we can expect that a number of threats will be growing and for sure these threats will evolve too.
Sources:
http://www.payu.pl/aktualnosci/polska-bankowosc-mobilna-infografika-przygotowana-przez-organizatorow-plebiscytu-zloty
http://www.forbes.pl/polacy-polubili-mobilne-finanse,artykuly,181667,1,1.html
http://mobirank.pl/2014/04/29/bankowosc-mobilna-w-polsce/
http://www.money.pl/raport-o-bankowosci-mobilnej/
http://en.wikipedia.org/wiki/Mobile_banking
Thanks to constant development of smartphones and mobile devices which became cheap and very popular in our country (47% of all mobile phones in Poland are smartphones) almost 3 million Polish people have access to still quite new services of mobile banking.
This is a great solution for students who are looking for cheap and easy to use services but it will also be useful for travelling managers, company owners or freelancers who needs to get easy access to money during their trips. Mobile banking is convenient to use in every situation; for example, you would like to pay for a drink at a party? No problem, you can do that in no time or maybe your friend asks you to lend him some money and you don’t have any in your wallet at this moment?
You can also check your account balance but it is so obvious that it is not worth mentioning. What is not so obvious that you can use the geolocalization service in your phone and get information about promotions during shopping at a specific time and location. Quite useful but what about our privacy? Why should my bank know what I bought and where I bought it? Another problem is one device with access to our financial resources and personal information. The security aspect is crucial here. How to prevent unauthorized access in case of theft or loss?
Transactions performed by smartphones are still in minority but this trend is changing like functions of m-banking in Poland which are still evolving and we can expect that a number of threats will be growing and for sure these threats will evolve too.Transactions performed by smartphones are still in minority but this trend is changing like functions of m-banking in Poland which are still evolving and we can expect that a number of threats will be growing and for sure these threats will evolve too.
Sources:
http://www.payu.pl/aktualnosci/polska-bankowosc-mobilna-infografika-przygotowana-przez-organizatorow-plebiscytu-zloty
http://www.forbes.pl/polacy-polubili-mobilne-finanse,artykuly,181667,1,1.html
http://mobirank.pl/2014/04/29/bankowosc-mobilna-w-polsce/
http://www.money.pl/raport-o-bankowosci-mobilnej/
http://en.wikipedia.org/wiki/Mobile_banking
Comments
@Paweł Wojtków: what is your question or thesis to discuss?
I also somehow trust private mode in Chrome more than apps.
If we talk about security. In my opinion banks are most securite place, and technology they develope is secure enough
I dont't believe spartphones or tablets have a decent protection like firewalls or antivirus. There are also many other potantial threats, for example using public wi-fi. Therefore, in my opinion using m-banking apps is just asking for trouble.
Also, the mobile app market is still developing very fast and is a great opportunity for startups to become decent organisations.
Despite it, I prefer payment in cash. When I use mobile way, money seems to disapper :P May be my problem. When I pay in cash I feel that I have control. When I use mobile banking I feel that my control go out.
The problem with banks gathering data about our expenses is not really a mobile banking issue, banks get this kind of information everytime we use our credit/debit card. I don't think of it as a problem. I can look through my expenses and manage them easily. It also helps when there has been a credit card information theft and somebody is using our card to buy their stuff. My mom had this situation several times - she found some weird objects ordered from Norway or USA and payed for by her credit card. She contacted the police and got her money back. This wouldn't have been possible without transaction identification, so all in all I think it is not a bad idea and may be useful. Banks really don't care what you're buying and if you don't want it to be listed on your record, just pay by cash. The other thing is that if you lose you card, you can always contact the authorities to block it.
I spend so much time in front of my computer that I do all my money transfers there and I rarely use m-banking, also because generally I don't need to pay for anything ASAP.