Mobile Banking An Anti Virus To Fight Against Corona Virus

Banking today is standing at the juncture of both economic threats and uncertainties due to advent of COVID pandemic. Corona a synonym of death has made the whole world come to standstill. While the former is based upon the hope of economic revival, latter is more evident from the on-going crisis and related setbacks.

- Sutopa Sinha

After a lapse of almost 5 months when we are constantly fighting with this unknown enemy the whole economy has halted and this has pushed the world decades back.

At this juncture to cope up with the present unpredictably precarious situation digitalization is only way out. Banks are able to become one of the warriors of COVID with the help of digital transactions through mobile and internet banking. So for the bankers the usage of Mobile/Internet banking acts as a PPE kit.

Mobile banking has come a long way. Bankers are already opting this digital platform to reduce the cash transactions and to provide banking services 24 X 7. This innovative approach of banker's has helped them in coping with this dangerous situation of social distancing during this pandemic. Innovation in this sector has grown in sophistication using advanced technologies such as tough and voice capabilities and machine learning algorithms.

Banking sector as innovators focus on enabling customer to bank the way they want to with minimum limitation using mobile apps. If banks were not equipped with this digital platform with their wide spread in all the geographical area of India; imagine that situation and sufferings of common people in absence of banking services.