Banking, Investment Financial, Wireless Network, Wireless Technology

Place an order for research paper!

Database of essay examples, templates and tips for writing For only $9.90/page

Excerpt by Research Proposal:

Among the list of more clear reasons is the simple removal of expense and first construction costs for new financial institution branches. Although such costs are distributed by all banking consumers, it requires a sizeable primary investment for the bank, and customers might not be plentiful enough to make the posting of these costs feasible for either potential customers or maybe the banks. With mobile bank, not only will be the overhead costs of a physical department eliminated, but many transactions can certainly be executed without any get in touch with between the client and lender personnel. This eliminates expenses associated with branch banking while allowing more affordable entry to more complex solutions.

This decrease of expenses is visible in other types of branchless financial, as well, just like clearly be seen in the substantial reduction in costs when point-of-sale third party brokers were introduced to the microfinance arena (CGAP a 2009). Additional transaction cost savings will be introduced simply by mobile bank with the associated with these other agents in a large number of orders; only cash transactions need the physical presence associated with an agent. The spread of mobile phones sets technology capable of bank interfacing straight in the hands of many potential clients, increasingly such as poor (CGAP a 2009). The cheaper technology costs and accessibility to mobile bank devices is responsible for the distributed of microfinancing services, as well as the larger the pool of customers is the more enticing and affordable it becomes pertaining to banks to supply such solutions.

There are some downsides to mobile phone banking. Simple marketing programs to make consumers aware of a lot more complex the baking features available do not can be found, and instead fee-driven services such as transfers and payments are heavily offered (WorldBank 2008). As the spread of mobile technology will almost certainly continue to be advertiser-based, successful strategies for advertising the more complex but more economy-boosting providers that microfinance institutions can handle providing will have to be developed. In addition , though their costs are significantly lower, third-party agent fees are subject to more volatility and variance than branch fees, which could quite possibly harm the perception of such providers and microfinancing as a whole when the handling of money is concerned.


CGAP a (2009). “Mobile banking: Summary. ” Accessed 13 Nov 2009.

CGAP m (2009). “Technology: Project information. ” Accessed 13 November 2009.

WorldBank. (2008). “Mobile bank to transform microfinance. ” Accessed 13 November 2009.,contentMDK:21765683~pagePK:64257043~piPK:437376~theSitePK:4607,00.html

< Prev post Next post >

Chief security officer as the primary security

Hardware, Cyber Security, Cybersecurity, Hacking Research from Dissertation: Main Security Officer: As the Chief Florida security officer for a neighborhood University, my own main role is establishing and preserving an ...

Collaboration application evaluation and analysis

Adoption, Software, Content Analysis, Computer programs Excerpt by Essay: Collaboration Software program Evaluation and Analysis As virtual teams become pervasive in many companies globally, the need for stable, protect and ...

Applications of under the radar mathematics and

Mathematical Models Under the radar Mathematics is the study of mathematics limited to a set of integers. Discrete Mathematics is becoming the foundation of many real-world problems, especially in computer ...

Einstein s big idea essay

What business was Albert’s Father in? He was looking to light up the streets of Munich, Philippines. What subjects do Albert like to study? Mathematics, physics, and philosophy. What tool ...

Internet privacy for students term conventional

Internet Addiction, Internet Censorship, Internet Process, Advantages Of Internet Excerpt from Term Conventional paper: Net Privacy for High School Students The unrestrained stream of information is conceived essential for democracies ...

Problems with the american overall economy go far

Indentured Servants, Hillary Clinton, Countrywide Debt, Income Tax Excerpt by Essay: Economic Ramifications of Taxes Cut With Clinton started make taxes cuts component to her system for the 2016 political ...

Future of the world wide web there are certain

Carbonilla Systems, Internet Conferencing, Facebook, Internet Research from Composition: Future of the Internet There are certain events and inventions that are bound to replace the world and how we see ...

Nintendo playing catchup article

Microsoft Windows, Tennis, Gaming, Computer Games Research from Article: Wii U. Case Study The Nintendo wii U. is a perfect example of Nintendo making precisely the same general errors and ...

Technology in education exploration proposal

Technology Impact, Technology, Computer Technology, Myspace . com Excerpt coming from Research Proposal: According to the Technology/Education Curriculum Guide, published by New Hampshire Department of Education in 2008, technology “is ...

Explosive impacts of laptop and information

Object Oriented, Engineering, Software program, The Time Machine Excerpt coming from Essay: Explosive affects of pc and i . t on business and individuals have produced a need to design ...

Category: Technology,

Topic: 2009 http,

Words: 466


Views: 403

Download now
Latest Essay Samples