Mobile Phone Banking is an exciting new technology for banks to expand products and services including payment of loans, withdrawal and deposit services – to customers. Using mobile phone technology can lower transaction costs while expanding outreach.
|Initiatives under Mobile Phone Banking as follows:|
The Tools and Templates for mobile phone banking services provide the following resources for banks:
- Accreditation materials, including template presentations and brochures to introduce senior management and staff to electronic banking and specific services such as Text-a-Deposit, Text-a-Payment, Text-a-Withdrawal and Cash In Cash Out Services.
- Procedural manuals with step-by-step processes to establish and implement electronic banking services
- Tools for banks to use in implementation