"Brandon McGee, Industry Insider, Mobile Banking Guru...He is not only the real deal, a genuine industry insider, but also knows exactly what's on the minds of financial service pros as they contemplate the various mobile options." - Jim Bruene, Publisher & Founder, Online Financial Innovations

"Going Mobile. Local executive carves niche as national expert on fast-growing banking-industry technology trend" - Scott Olson, Indianapolis Business Journal (IBJ)

"Brandon McGee, the industry's unofficial ambassador for mobile banking" 

Wednesday, June 19, 2013

International Mobile Banking Updates - June 19

Net banking: How it helps you save time and money
"Did you know that approaching a bank branch to get a duplicate account statement can cost you around Rs 100, while the same could be had at half the price through online banking? Similarly, a stop payment request that costs upwards of Rs 50 through traditional banking channels is a free service for those who opt for net banking."

Customers take leap into mobile banking
"The number of bank customers who use mobile phones and iPads is growing at breakneck pace, with billions of dollars of transactions now taking place every month. Major banks say the speed that customers had taken up mobile and tablet banking is running much faster than the rate at which they took to internet banking. They say the technology is also changing the way people do their banking, challenging the definition of traditional banking hours."

CaixaBank hosts international forum for mobile banking experts
"CaixaBank will be hosting MobeyDay 2013 in Barcelona, bringing together financial institutions from all over the world, as well as network operators, technology providers and consultancy firms specialising in mobile banking. The international Mobey Forum meeting organised in association with Finextra will be held at CaixaForum in Barcelona, tomorrow, 11th of June 2013."

The mobile banking game-changer in Ethiopia
"New regulations will bring m-banking to Ethiopian consumers, but limits on the companies involved and how transactions must be managed could slow growth. On 1 January 2013, the National Bank of Ethiopia (NBE) issued a long-awaited directive that allows transaction-based mobile banking for the country's unbanked citizens."

Meethaq launches state-of-the-art cloud mobile banking application
"Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, on June 11 launched a state-of-the-art mobile banking application redefining Islamic banking with the concept of ‘24/7 anytime, anywhere’ service. The Meethaq Cloud Banking application offers a wide range of unique features. The smart mobile app, which is quick and easy to download, provides a secure and convenient 24/7 access to the account."

Village Bank updates mobile banking
"Village Bank, based in Midlothian, has announced the launch of a new and improved mobile banking service for personal banking customers who use a smart phone or other web-enabled phones. Mobile Banking is a free service that allows personal banking customers to access account information, view transaction history, transfer funds and find a branch location or ATM from their mobile device."

Why Mobile Technology is Bad for Some Businesses, Great for All Consumers
"Here are some of the estimates and statistics we’ve plucked from a McKinsey Global report we mentioned last week:
 * 1.1 billion people currently use smartphones and tablets, with a potential to reach two billion to three billion more.
* The processing power of the average smartphone has increased by about 25% per year over the last five years.
* By 2025, nearly 80% of all internet connections could be through mobile devices.
* Near field payments grew 400% in 2012 and are expected to increase 20 fold by 2016."

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