What are the positive attributes of mobile banking.

A. Negative experience in European countries

B. Wireless Application Protocol (WAP)

C. Advanced Penetration of Mobile network

D. Less security

E. Faster data processing speed

Choose the most appropriate answer from the options given below:

Mobile Banking means the availability of banking services on mobile devices. A prominent mobile banking advantage is that it is akin to carrying a bank in our pocket.

Key Points

•  Advantages & Disadvantages of Mobile Banking
  • WAP (wireless application protocol) based mobile banking
    • It service wherein the customer can access the bank's website using the browser on their mobile phone
  • Time Saving
    • Mobile Banking offers quick and instant banking services, eliminating  dependence on banks for basic transactions
  • Monitoring Transactions
    • Another mobile banking advantage is that it can track all your financial transactions. It can monitor your bank accounts and conveniently dispute fraudulent transactions simply by logging in to your mobile banking app.
  • Easy Access
    • Whether some one wants to transfer funds, check account balances and statements, or apply for loans – you can do it all with mobile banking.
    • We can order cheque books and apply for credit and debit cards, open fixed and recurring deposits, and more using your mobile banking app.
  • Faster data processing speed:
    • Compared with other interfaces, mobile banking enables consumers to make faster payments across the greatest variety of uses, from bill payments to per- son-to-person transfers to in-person and online purchases
  • Security:
    • Mobile apps are more likely to use multifactor authentication than an online banking website.These types of biometric logins can be especially helpful if your mobile phone is stolen as they’re harder to bypass than a password,

Therefore we can say that the correct answer is B, C, E only.