With more than 1 billion active smartphones globally, the ubiquity of mobile devices is empowering user communication, social activity and business trading.
Younger demographics spend more time on mobile devices, and it is expected that 1 in 3 mobile users will use online banking. Some users avoid using mobile banking because they do not trust the security. But studies are beginning to show that mobile banking may be safer than computer banking.
Mobile banking is tied to user profiles and phone service providers. SMS and push messages for smart phones let consumers help bank indentify fraud cases, while GPS capabilities allow banks to detect user locations and prevent abnormal, fraud transactions.
For businesses, the ability to respond is no longer a nice-to-have, rather it has become an essential tool so you do not lose business to competitors.

Graphic source: www.creditscore.net
Contact AwePay, we have the solution to bring your business forward!