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.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

Market CapNovember 10, 2025

Meaning Market capitalization, or Market Cap, represents a company’s total value in the stock market, vital for investors.Definition…

UPI Merchant ChargebackLast Updated: November 14, 2025

Meaning UPI Merchant Chargeback happens when a customer disputes a transaction, and the amount is reversed from the…

Jan Suraksha SchemeOctober 1, 2025

Meaning Definition & Objective Jan Suraksha Scheme is a government initiative aimed at providing social security and affordable…

Tax Return Filing DeadlineOctober 20, 2025

Meaning The tax return filing deadline is a crucial date every taxpayer needs to be aware of annually.Definition…

KYC NormsLast Updated: December 29, 2025

Meaning & Definition KYC norms are rules that require financial institutions to verify customer identity before providing services.…