How mobile banking is promoting a cashless Nigeria

8
236
cashless Nigeria

The emergence of modern and smart mobile services has enabled
banks and other financial institutions to offer services to customers on the go;
without the need to access the four walls of a bank and on a 24/7 basis. These
services range from account opening, funds transfer, payments for goods and
services and account statement among others. This is mostly through an
application software on the mobile device provided by the financial
institution.

Mobile banking is gradually phasing out the use of cash for
transactions with virtual representation of cash. With the proven benefits of
the mobile banking systems most financial institutions have incorporated it
into their operations, it’s a win-win for all parties, customers no longer need
to be in banking halls for transactions therefore ease and simplicity provided,
and the banks minimize operational cost in this regard.
With the increase in sophistication of mobile services, the
institutions can leverage this to offer dynamic services in line with taste of
millenials who are always with their mobile devices, this may include;
video support services, constant application update to check malware and
bug vulnerability. Personalization option is an engaging service in mobile applications
such as preferred language, personal details such as picture and social media
integration where users can give feedback.
The one thing that encourages the adoption and continued usage of
mobile applications is the user experience, this is how people interact and use
the application. The financial institutions should endeavour to offer a mobile
service that is so intuitive that people only need a little or no guidance to
get started. So a short and friendly tour of the basics can achieve this, also,
a nice appearance makes the application lovely and an easy login makes the
whole experience simpler.


 

To encourage usage of the application, the institutions can offer
push notification service to remind users occasionally about the application
because some people install applications on their devices and forget about
them, the continuous usage will develop the user’s confidence on the use of
such services.
UBA mobile banking cashless nigeria
Add caption

The most important point to note is security; both the financial
institutions and the users should be aware of possibility of data compromise
which can result to financial loss. The institutions should incorporate
necessary steps in safeguarding their data while users should be wary of giving
out their phones and pins untrusted persons and when in doubt notify the
institutions support services.

In Nigeria today, just a few banks have gotten it right like United
Bank for Africa Plc, with their mobile banking application, judging from my experience.
By Ahmad Mustapha

8 COMMENTS

  1. INVESTMENT LOANS!
    Do you have any lucrative business idea or existing business that needs funding? We help individuals and companies to obtain loans for business expanding and to setup a new business, between $2,000.00 to $20,000,000.00. Get funded at affordable interest rate of 2%.

    For more inquiry, Send us an mail at: dominionloanfirm.ltd@gmail.com

  2. This is really nice…
    Commercial banks can leverage on modern technological advancements to further improve the growth of financial inclusiveness.

  3. คาสิโนออนไลน์ที่น่าเชื่อถือและมีความเป็นมืออาชีพที่สุดในตอนนี้
    โปรโมชั่นGclub ของทางทีมงานตอนนี้แจกฟรีโบนัส 50%
    เพียงแค่คุณสมัคร สล็อตออนไลน์ กับทางทีมงานของเราเพียงเท่านั้น
    ร่วมมาเป็นส่วนหนึ่งกับเว็บไซต์คาสิโนออนไลน์ของเราได้เลยค่ะ
    สมัครสล็อตออนไลน์ >>> Goldenslot
    สนใจร่วมสนุกกับ คาสิโนออนไลน์ คลิ๊กได้เลย
    มีทั้งคาสิโนออนไลน์ หวยออนไลน์ ฟุตบอลออนไลน์ สล็อตออนไลน์ และอื่นๆอีกมากมาย

  4. Its a very Informative post to us.I bookmarked this post for your future reference. I have never felt so good … helps with so many aliments read the informations on their website .
    if you want to install the ms office setup on your system and need any technical support in installing the software,then you can visit in our official website

  5. PLEASE READ!!Hello Guys!!! I am Caro I live in Ohio USA I’m 32 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,000 daily. I got it from Him last week and now I have withdrawn about $10,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano's email address is adrianohackers01@gmail.com

  6. PLEASE READ!!Hello Guys!!! I am Caro I live in Ohio USA I’m 32 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,000 daily. I got it from Him last week and now I have withdrawn about $10,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano's email address is adrianohackers01@gmail.com

  7. PLEASE READ!!Hello Guys!!! I am Caro I live in Ohio USA I’m 32 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,000 daily. I got it from Him last week and now I have withdrawn about $10,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano's email address is adrianohackers01@gmail.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here