What is wireless banking Wireless banking is designed to let bank customers read and check information with mobile phone. It uses a standard known as GSM for voice and data communications that made text-message on cell phones easy to deploy. Wireless banking consists of remote account access integrated with online payment and electronic messaging. Electronic messaging allows users to correspond directly with the financial institution. The wireless market is already mature enough to help banks get up and running such a service fairly quickly.
Wireless services are important and let banks reach and keep customers.
The bank offers this service on a wireless platform. Less popular were credit card transactions and check ordering. It is estimated that, by 2003, about 40 million consumers will be using some type of wireless electronic financial services. The average session lasted about 3.5 minutes. The first challenge for bankers is that they would do well to familiarize themselves with the wireless landscape.