0
The first mobile banking and payment initiatives was announced during 1999 (the same year that Fundamo deployed their first prototype). The first major deployment was made by a company called Paybox (largely supported financially by Deutsche Bank). The company was founded by two young German's (Mathias Entemann and Eckart Ortwein) and successfully deployed the solution in Germany, Austria, Sweden, Spain and the UK. At about 2003 more than a million people were registered on Paybox and the company were rated by Gartner as the leader in the field. Unfortunately Deutsche Bank withdraw their financial support and the company had to reorganise quickly. All but the operations in Austria closed down.
Wiki User
∙ 7y ago
Add your answer:
Earn +20 pts
What is mobile banking and internet banking?
Mobile banking is when you do banking from a mobile device such as a cellphone, iPod, or iPad. Internet banking is when you bank from a computer.
Can suntrust online banking provide you with mobile banking options?
Suntrust offers mobile banking on the Web so you can check balances, transfer funds, and view transactions. They have a mobile banking app so you can pay bills. They also offer mobile alerts.
Who is the current market leader in mobile banking in South Africa?
Who are the current market leaders in mobile banking
How is Mobile banking different to Internet Banking?
Mobile Banking is designed specifically for mobile devices, which means we use your device's built-in features to provide a better experience. The information is also formatted for display on smart phones.
What is the description of mobile banking sales man job?
a mobile banking sales man is someone who represents his bank outside the banking premises to sell company's product and service.
What is the Banking meaning?
The meaning of M-banking is mobile banking. Many bank services offer a mobile phone app so that customers can carry out various transactions online.
When mobile banking introdused in India?
Mobile banking was introduced in India only recently. Around 2008 or later. It is a facility that allows customers to carryout banking operations using their mobile phones. Because of lack of 3G coverage (Internet accessibility) everywhere in India, the mobile banking feature wasn't used very effectively up until last year. With the advent of high technology mobile operations, customers who have internet connectivity in their mobile phones are able to use mobile banking in India.
Who invented banking?
Chinese people have invented online internet banking
What is the meaning of 'M-banking'?
The meaning of M-banking is mobile banking. Many bank services offer a mobile phone app so that customers can carry out various transactions online.
What are some socio-cultural trends in banking sector?
the increasing trend of mobile banking (iphone app banking)
What are the emerging trends in bank?
Emerging trends in banking are atm,debit and credit card,internet banking,core banking,mobile banking,NEFT,RTGS,MICR cheques and draft etc.............
Definition of mobile banking?
it is the number system
