Why you should consider mobile banking
In a short amount of time, Mobile money has proved to be a very useful service to the populations of the developing world.
This has been facilitated by the penetration of mobile phones. In Uganda alone, there are more mobile phones than light bulbs
A number of financial institutions in Uganda have implemented Mobile banking solutions, enabling their clients to access their services over the mobile phone.
This has enabled them realise a number of benefits including but not limited to;
- Operational Efficiency; the cost of a transaction over a mobile is 10x lower than on other channels like ATMs
- Revenue growth; this can be realised by monetizing customer analytics and access to real time services
At SMSONE, we have enabled a number of financial institutions realize these benefits by integrating our messaging platforms into their banking systems.