It's Time to go Mobile.
Finally, the long haul to Mobile Banking is over and we can look forward to the predictions that have been made turning into reality.
Some of the numbers are staggering in their enormity with over 4 Billion mobile users compared to 1.2 Billion users of the Internet. Global mobile banking take up is set to soar over the next five years, with the number of people using the technology expected to be 913 million in 2014. Mobile is a disruptive technology with a speed of development and change that is frightening to behold for a banking community where little has changed in terms of processing and transactional banking over many years.
The fears over investment in Mobile Technology are real and have been well founded. Security, size of processing power in devices, disparate platforms, speed of redundancy, quality of networks and user take up have all been issues. So has the eternal question, “What if I spend all this Investment and I make the wrong bet?”
Those of us within the Financial Community are living through turbulent times. The financial crisis has shaken the core of the Global System and accelerated great changes within the industry. We are now questioning our future and the landscape of how it will look.
At Petra we believe that banks will outsource commodity services such as transaction processing and look to differentiate and retain brand loyalty from customers through the provision of better products and services, such as Mobile banking.
Click here for more information about why and how