The study on issues and challenges of mobile banking system in India

The increase of mobile phone usage provides opportunities for the growth of mobile banking (m-banking). This paper reviews the emerging factors and issues of m-banking. Mobile devices include mobile phones, wireless tablets, PDAs and any other device that connect to mobile telecommunication network and make it possible for payments to be made. In present scenario Mobile payments can become a complement to cash, cheques, credit cards and debit cards.. mobile payment system are also used for payment of bills such as direct debit, electronic funds transfer and, Internet banking payments.