People lead a busy life, constantly abroad hence the need of banking alternative that allows you to manage your finances, whatever the time, and the place.
This enables customers to enjoy fast access to their bank account on their mobile phones.
No matter where they are, they can have the bank in their pockets, check their account balances and request a mini-statement of their latest transactions.
They also transfer funds across bank accounts, pay their DStv subscription and in some instances request new cheque books.
Moreover, they can get alerts for any withdrawals on their accounts.
In a nutshell, mobile banking offers advanced security to its customers that's why only the owner can access his/her accounts because all their transactions are limited to a single registered phone number.