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Online Banking Or Mobile Banking suitable for business transactions ?

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Question added by Deleted user
Date Posted: 2016/06/23
Emmanuel Wamweta
by Emmanuel Wamweta , production supervisor , Tembo Steel Rolling

Both online banking & mobile are good for businesses especially in this dynamic global environment because some people prefer transacting online while others prefer using mobile money. It is important to know & understand the preferences of customers, partners & others businesses you wish to transact with or do business with, therefore you may be required to be very flexible & adaptive to various situations because different situations call for different solutions.

Thanx for the invitation

Shameer Nazir Madari
by Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)

Mobile banking is suitable for corporate transaction due to its safety features most specific mobile banking apps don't actually store your bank details directly on your phone, but instead access it from a secure data centre. This means your mobile itself will never hold your personal bank information.

 

HSBC, First Direct, Alliance & Leicester, NatWest, RBS and Lloyds TSB all use the mobile banking service provided by Monilink.

 

 

Some banks now offer specific software to tackle the threat of mobile fraud. Barclays currently offers free Kaspersky Mobile Security Software with their phone banking application. This is aimed at providing an extra security level to protect you from any virus or Trojan attack.

Mahmoud Hamid
by Mahmoud Hamid , Finance Manager , Experts

Both online banking and mobile banking can add value to the company by facilitating payment tools to clients. Although, the company should maintain a suitable security system to protect both the business transactions and the client privacy.

mohammed negm
by mohammed negm , مدير مبيعات , مؤسسة أطياف لتجارة المواد الغذائية

 Thanks for the invitation, I  agree with all answers

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