A new wave of mobility solutions, including software application that turn any smartphone into a fully operational personal bank, is sweeping through the banking industry. With cash transfers between mobile phones increasingly becoming a reality, mobile banking could soon become as commonplace as Internet banking.
Banks are now increasingly exploring new and innovative mobile app development processes for innovative payment models and commerce capabilities. For instance, a bank in Australia has recently launched a new mobile app that lets customers view their current balance and spot the location of the nearest ATM with mere swipes on their screen. Using the app’s dial feature, account holders could also transfer money to other accounts. It also enabled contact less payments using iOS, Android, and Windows 8 phones, besides letting customers activate cards and update PINs.
Mobile Apps In India provided by some of the leading banks both in private and government sector that enables a customer to view his / her payments requested by retailers and instruct banks to make the related payments, therefore developing a secure payment transfer channel that doesn't necessitate third party validation or authentication. Using these apps, customers can also make informed choices about their payments and the accounts that they operate, thereby enabling them to manage their finances more efficiently.
Over the past few months Mobile App Development companies in Gurgaon have developed and upgraded their skill sets to provide business rewarding and friendly customer navigation and payment processing application so that people can manage and undertake banking transactions from the ease of their smartphones therefore saving a lot of time that is consumed in visiting the bank branch.
Banking related Mobile Application Development In India has a long way to go and offer more and more exciting features and functionalities to the corporate as well as Individual customers.