Top Mobile Banking System in India | Mobile Banking Services | Finacus

Many business processes can be automated and simplified, thereby taking out all the obstacles employees need to go through before the exact process could be considered complete.

The most apparent examples of a banking software are CRM systems that help to build an effective "Client-Manager" infrastructure, banking systems for management and financial operations control, mobile banking applications, which greatly simplify the service and make it more accessible to ordinary customers, etc.

The ideal banking management system is that which:

Allows to build the planning and reporting system for an effective financial management and bank risk control;

Increases the efficiency of customer service;

Automates the implementation of operations and complex banking transactions;

Looking for the best core banking software companies in India?

We provide a core banking solution which brings together all the features that will help the growth of a bank in the highly competitive business of banking.

For more information on core banking services, visit our website. 

The increased popularity of online and mobile banking and e-commerce applications made us see peer-to-peer payments as an essential part of the technology landscape we live in.

Traditionally peer-to-peer payments required writing a check or walking to the nearest ATM, but as of today P2P applications are leading us to a more “walletless” economy than ever before.There is a growing trend for commerce to evolve beyond person-to-market to person-to-person exchange.

In terms of peer-to-peer payments Paypal has dominated the market for the last decade, but now other companies are finally starting to catch up.

According to Business insider, volume of mobile peer-to-peer transactions could reach $86 billion in the US within the next two years.What are peer-to-peer payment apps?The P2P service is sort of like a middleman: peer-to-peer payment services help people transfer funds from their bank account to another person’s account or card using software applications.Peer-to-peer apps are especially popular with younger users who are more tech-savyy and less worried about potential danger of sharing their financial information with a third-party software product.There is a number of mobile applications that people use when they want to send money to each other outside of the established business context - for example, when you pay back your friends, who lent you money for a movie ticket, or you want to split the bill at the restaurant among several people in the group.

Smartphone usage has been on a steady rise and users’ preferences have definitely ensured that the mobile payment model is not only extensively followed but also modified and improved.

With almost any transaction being made possible using mobile apps, global businesses’ are required to facilitate a smooth payment mode through smartphones, that offers its users the convenience and security.

An agent financial network basically provides last mile financial solutions to rural areas where normal banking service is not available.

These services are offered reliably using viable electronic alternatives.

When mobile money was first launched, it caused disruption of the agent distribution networks in the rural financial sector.

The strategy that allows banking institutions to perform their operations everywhere, agent banking, is a concept that offers good customer care and faster response time.

Why Should You Build a Mobile Banking App?The main reason for developing a mobile banking app is competitiveness.

An application stands out among numerous ordinary tools, as it has turned into the most convenient and effective channel of interaction with customers.Today’s consumer would rather choose a bank with a convenient website, Internet banking, a user-friendly mobile application and speedy services; indicators such as interests and deposit rates, or the place of a bank in some ratings, are placed on the back burner.

Hence, to win the loyalty of clients and remain competitive, a bank should be mobile.Some statistics to prove the increasing popularity of banking apps: Mobile banking users are expected to exceed 1.75 billion by 2019, representing 32% of the global adult population, according to Juniper research.45% of respondents named convenience the main reason they started using mobile payments, Statista found out.As of June 2018, the financial business is in the top of the most popular Android app categories worldwide, taking 53% of the market share.Statista also provided data on the availability of the world’s leading payment providers Apple Pay, Samsung Pay and Android Pay in global regional markets.

It turned out that the Asia-Pacific region has the highest number of total active markets across all three payment systems.

What are the main reasons you started using mobile payments?NCrypted has deep knowledge of banking processes and expertise in implementing banking software solutions.

With our solution, you can be assured of providing the best digital services to your customers.