Mobile Banking

byPaytm Editorial TeamLast Updated: August 12, 2025

Definition

Mobile Banking is a service that allows users to perform banking transactions using a mobile phone. It can be accessed via apps, SMS, or USSD codes.

Key Features

  • Fund transfers, bill payments, and balance checks
  • Secure login with PIN, password, or biometrics
  • 24/7 banking access
  • Saves time and offers convenience

Mobile banking has become a key tool for cashless and anytime banking.

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