JS Bank and Inov8 limited (i8) have entered into an agreement to develop a branch less banking and mobile financial service software for the bank. In this way JS Bank also shown its intention of jumping into the arena of branch less banking with other large and small players like Standard Chartered Bank, MCB, Faysal Bank Limited etc . The bank’s management has announced to target the un-banked segment of the society.
As the technology is getting more sophisticated and growing at very fast pace. Numerous mobile banking and financial service solutions are evolving day by day, being offered by various financial institutions. Although a large number of customers are availing these services, yet there is a large room available for new users.
With the availability of large number of smart mobile phones and other devices having high speed secured network and internet available, these mobile enabled services are becoming much more successful.
With the availability of 3G & 4G services to the banking customers; by license winning telecom service providers, the dream of having highly secured efficient mobile banking services is becoming true.(source)