MOBILE BANKING -INSTABIZ

MOBILE BANKING:

 Introduction to Mobile Banking

Mobile Banking In India
Why Banks Promote Mobile Banking?
 Mobile Banking Services and Features
 Instabiz
Instabiz and Features & Advantages
 Technology Change Behaviour
 Security Requirements
Conclusion.
INTRODUCTION:

• Mobile Banking is an application that lives on mobile phone which

access and manipulates their bank account at any time at anywhere.
• Mobile banking is the system that allow customers to perform a
number of financial transaction through a mobile device.
• Monitoring our bank accounts through the mobiles is known as
“Mobile Banking”.
• Mobile banking was first introduced in india in 2002.
• All banking transactions, such as paying credit bills, utility bills, and
transferring funds, can be done through smart phones.
• In the year 2008, ICICI bank was the first bank in india to launch mobile
banking.
• Almost all banks have a mobile phone application in 2018.
WHY BANKS PROMOTE MOBILE
BANKING?
 Improve customer service and satisfaction.
 Reduce Operating Costs.
 Time Saving Process.
 Increase the customer Retention.
 Transaction become more faster.
 Provide multiple services under single mobile.
TYPES OF MOBILE BANKING

• Mobile banking is classified into 3 types.

1. App Based banking.
2. SMS Banking.
3. USSD (Unstructured Supplementary Service Data) Banking.
MOBILE BANKING SERVICES:

• Mobile Banking services may include

1. Access to account information.
2. Balance Enquiry.
3. Investment Purpose.

4. Fund Transfer between account.

5. Credit & Debit Alerts.
6. Minimum Balance Alerts.
 MOBILE BANKING FEATURES :

 Start instant collections with Eazypay.

 Instant settlement & voice alerts for all UPI/QR
Transactions.
 Mobile Check Deposit.
 Payment collections through an SMS link.
 Tap on phone to accept card payments.
 Earn Reward Points on every Collection.
 INSTABIZ

• ICICI Bank launched ‘InstaBiz’ a new digital platform for MSME’s

(Micro small and Medium Enterprises).
• Self employed customers to enable them to undertake their business
banking transactions digitally and instantly.
• The Programe allows customers to avail as many as over 115 Produ
and services on their mobile phone or Internet banking platform.
KEY FEATURES OF INSTABIZ

• Servicing
• Tax & Compliance
• Transaction
• Trade Emerge
• Forex
• Merchant Solutions
• Banking+
ADVANTAGES OF INSTABIZ &
MOBILE BANKING:
• No Paper Work.
• Pay bills easily, using internet banking.
• Manage all your Utility Bills smartly.
• ICICI Current account customer.
• Non ICICI Current Account customer can also use
Instabiz.
• Industry first,most comprehensive app.
TECHNOLOGY CHANGE BEHAVIOUR:

• Save customer’s Time and Energy.

• Reduce dependency on bank Branch.
• Generate More Transactions.
• Customer Become more Educated.
• Aware of their Money.
• Access their account 24hours in a week (24*7).
SECURITY REQUIREMENTS:

 Secure fund transfer

 User device permissions
Every transmitted between mobile user and banker.
 Authorization key or User id also exist.
 Require Pin and Otp.
 If customer loss their mobile they can call to the bank to
block their number channel.
CONCLUSION:

• Mobile Banking is one of the important and convenient service for the
banking customers.
• Mobile banking is one of the bi-product of Green Banking, where it is
known for its easy, convenient.
• key point is mobile banking is meant for paper less transactions.
• Mobile banking is providing many services with different features.
• Services of mobile banking are available 24*7.
THANK YOU 🤩
Submitted By: Batch 65E
Group - 4
Suman Bharti
Shivam kumar
Saikumar
Anurag Singh
Ankit Yadav
Abinash Parida
Sandeep Kakade