Banking Exam Question - What are the NRB Directives about Mobile Banking & Internet Banking in Nepal? Explain

Introduction - Mobile Banking & Internet Banking

Mobile banking is a service provided by a bank or other financial institution that allows its customers to conduct financial transactions remotely using a mobile device such as a smartphone or tablet. Unlike the related internet banking it uses software, usually called an app, provided by the financial institution for the purpose.

Mobile banking is a service provided by a bank or other financial institution that allows its customers to conduct financial transactions remotely using a mobile device such as a smartphone or tablet. Mobile banking is usually available on a 24-hour basis.

In addition to these basic features, mobile banking services may include direct deposit of checks using your device's camera, paying bills, sending money to another person, transferring credit card balances, or even conducting investment transactions.

Internet banking gives you access to your personal and business accounts online anytime, anywhere. It's the perfect way to do your banking whether from home, the office or when travelling because the service is available 24 hours a day, 7 days a week. Internet banking gives you the freedom for online transaction.

Online banking, also known as internet banking, e-banking or virtual banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of facilities.