Topic > Benefits of Mobile Banking Essay - 775

Financial services should be made easily available to the underprivileged people so that they are not left in the clutches of informal sources of finance or have to find non-financial institutions. Banks must open branches in rural areas of the state and also set up financial literacy camps to make them understand banking services. Technology is one of the valuable tools that help banks provide access to banking services in remote areas. ATMs can be installed with multilingual feature by providing audio features in ATMs in regional languages ​​so that they can operate them easily without anyone's help. so that even uneducated people can handle it. For this reason it will be easy to use for illiterate people; The Bank must reshape its corporate policies to incorporate specific plans to promote financial inclusion of the poor. For the bank it is both a business opportunity and a corporate social responsibility. The bank must use all available resources, including available technology and expertise, to help in financial services. It may seem that bringing banking business to the sections that form the base of the pyramid is not very profitable, but one should always remember that even relatively low-cost sectors with high volumes can be a very profitable operation.