As smartphone technology continues to expand and improve daily, more people now have access to a wide array of applications.
More people are also using banking applications instead of the traditional route of visiting a bank branch to transfer funds or make payments to creditors.
In South Africa, the banking industry is efficient and on par with international banking standards in most cases- if not better. One way in which the industry continues to thrive is through technological innovations brought about.
Banking apps across the globe are increasing in popularity. Mobile is a core requirement for technology savvy consumers. Time is something that many people are looking to save as well- which is made easier by the use of banking apps.
Banks are being forced to find new and innovative ways to deliver products and services via smart devices.
Important features of banking apps across the globe:
Ease of use- these apps should have a simple interface which is easy to navigate.
Access features on the move and from any location- for users of banking app across the globe, an important feature of the app is easy access.
Mobile banking arms consumers with immediate access to the financial data that matters most to them- there is no need to make any branch visits and there is no need to have to deal with consultants. Users don’t have to wait on banking hours either.
More banks are switching to paperless banking and some are even offering financial incentives for switching to paperless banking. More banks are encouraging clients to make the shift towards digital banking. Use of banking apps is convenient and allows users to save time and money.
Using banking apps can also provide an enhanced level of security. There is no need to have to use ATMs or to transfer money at a bank branch, so you can prevent the hassle of potentially dangerous situations.