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Mobile Banking is a form of M-Commerce, or mobile commerce, which refers to the use of mobile devices to conduct financial transactions. It is a rapidly growing sector of the financial services industry, as more and more consumers are turning to their smartphones and tablets to manage their finances. Mobile Banking allows users to access their bank accounts, transfer funds, pay bills, and even deposit checks, all from the convenience of their mobile device. It also provides users with the ability to check their account balances, view transaction histories, and receive notifications about their accounts.
Mobile Banking is becoming increasingly popular due to its convenience and security. Many banks and financial institutions are now offering mobile banking services, allowing customers to access their accounts from anywhere, at any time. Additionally, mobile banking is often more secure than traditional banking, as it requires users to authenticate their identity before accessing their accounts.
Some of the companies in the Mobile Banking market include Bank of America, Wells Fargo, Chase, Citibank, US Bank, and Capital One. Show Less Read more