Technology has been granting more and more power to us at our fingertips than ever before. From pagers to large handheld devices with an antenna that would hardly fit in your pocket to sleek & sophisticated smartphones and ingenious gadgets, we have indeed come a long way in a brief period. With every advancement in technology, the services that consumers on these devices can benefit from are increasing and reaching their highest potential.
Today one can carry out all of their banking or financial transactions and activities from the comfort of their homes through a smartphone, laptop, tablet or computer—no more long queues with a token number in hand to make a deposit. Banking is evolving, and so is the entire banking system. Banks now enable users to avail themselves of every banking service from anywhere in the world through a smart device as long as you have an internet connection. A consumer can do everything right from paying all of their utility bills or carrying out day to day transactions, paying rent, paying for movie tickets and even for popcorn through their MobileBanking app. Online payments have made life easier & convenient, eliminating a lot of hassle and waste of time.
Plastic money helped revolutionize the banking experience. Eliminating the risk of carrying large amounts of physical cash. In addition, mobile banking apps double up as a credit card manager, giving you access to all your credit cards on one dashboard and tracking your transactions and balances all in one place.
The next best thing after plastic money is UPI or online banking & money transfer services offered by various banks and third-party institutions. A person can transfer money from one bank account to another with the help of UPI Transfer which can help one send money from one mobile number to another in a fraction of a second.
RTGS transfer or NEFT BANK Transfer (National Electronic Fund Transfer) is one of the most common money transfer options. It permits a person to transfer funds from one bank account to another bank without the trouble of visiting the bank branch to transfer funds.
Digital Banking has genuinely brought the bank to the user’s fingertips. It has made life hassle-free and convenient. From paying bills to transferring money, a person can do everything from their phone. This industry is improving and evolving every day. Therefore, all one can do now is look forward to the next evolutionary step in online banking. It may be right around the corner!