What is mobile banking?

Mobile banking refers to banking services provided through mobile communication networks and terminals. Generally speaking, mobile banking can be used to run banks on mobile phones. Users can handle all kinds of financial services anytime and anywhere, which greatly enriches the connotation of banking services and enables banks to provide traditional and innovative services to customers in a convenient, efficient and safe way.

Extended information:

Mobile banking refers to the channel mode in which banks use smart phones as carriers to enable customers to use banking services on terminals. With the development of communication and Internet technology, the business functions of mobile banking are constantly updated and improved. Refers to the use of mobile devices such as mobile phones to connect customers with banks, handle related banking business or provide financial services to customers. Mobile phone is not only a product, but also a channel, which belongs to the category of electronic banking.

It is a brand-new business product, which connects the customer's mobile phone with the bank through the mobile communication network, and directly completes various financial services such as account inquiry and transfer through the mobile phone interface, that is, the bank uses the mobile phone as the carrier, relies on the mobile GSM wireless network, and uses the mobile short message resources to send short messages to operate the bank account through the mobile phone, thus realizing the functions of "financial management" and "electronic wallet" of the mobile phone.

Simply put, mobile banking is the abbreviation of using mobile phones to handle banking-related business. It is a channel for banks to realize electronization, and it is a brand-new service mode combining electronic money with mobile communication services.

Mobile banking, also known as mobile banking, refers to the use of mobile phones, PADs and other mobile devices to connect customers with banks, handle related banking business or provide financial services to customers. Mobile phone is not only a product, but also a channel, which belongs to the category of electronic banking.

Theoretically, except cash business, the counter business of banks can be moved to mobile banking. The functions of mobile banking are divided into standard functions and extended functions. Inquiry, transfer, remittance, payment and temporary loss reporting are standard functions. Extended functions are developed on the basis of standard functions, such as fund management, commercial payment, online shopping and so on. The provision of extended functions is inseparable from the background support of banks. These expansion functions of small and medium-sized banks are generally weak, far behind state-owned banks and national joint-stock commercial banks.

Among domestic banks, large banks such as ICBC, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications, national joint-stock commercial banks, some city commercial banks and rural commercial banks, and a few rural cooperative banks, new rural financial institutions and rural credit cooperatives have launched mobile banking. The mobile banking of regional banks is basically the mobile banking of online banking. The characteristic mobile banking related to rural finance in China includes cash withdrawal without card, small loans for farmers, address remittance and mobile banking.