MOBILE TECHNOLOGY 1

Psychological, Socio-cultural, and Economic Implications of Mobile Banking

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Psychological, Socio-cultural, and Economic Implications of Mobile Banking

Main heading: Introduction

a. An in-depth description of the current research situation focused on mobile banking and

the implications it has on various aspects in society including those under our current

study.

b. The current study analyzes the topic stated in broader margin, including the good and bad

of growing mobile banking, the impacts of mobile banking in people’s lives, and the

opportunities and issues it has in society.

Subsection 1:

I. A brief description on the psychological, socio-cultural, and economic implications of

mobile banking, including the present and future effects of using mobile banking

technology.

II. The main role of this section will be to look at the advantages and disadvantages of

mobile banking, particularly focusing on its implications in society.

Main Heading 2: Literature Review

Subsection 1: Analysis of previous literatures

a) This section makes a critical analysis of previous researches focused on the implications

of mobile banking on psychology, socio-cultural, and the economy. There is a large pool

of research regarding the implications of mobile banking in our society. We compare the

existing literatures and establish a gap that needs to be addressed in the current study.

Subsection 2: Connection of mobile banking implications with existing literature

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b) Use information derived from the previous literatures to establish a connection and

explanation behind psychological, socio-cultural, and economic concepts. Mobile

banking is currently widespread across many parts of the world, and is making it easy for

people to do their transactions at simple click of their phone. The advancement has often

brought with it multiple advantages and disadvantages in our society, including the

impacts on psychology, socio-cultural, and economic aspects (Vinayagamoorthy &

Sankar, 2012). A growing body of research has often established the effects of mobile

banking which is constantly advancing and changing every day.

Main Heading 3: Conclusion and Recommendations

c) This section makes a general conclusion on the main topic by drawing different research

findings and restating the main research findings. At the end, we make recommendations

on future researches. There are still new implications to come, particularly because

mobile banking technology is still growing and changing every day.

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References

Vinayagamoorthy, A., & Sankar, C. (2012). Mobile banking–An overview. Advances In

Management.