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Why Mobile Banking is the Next Big Thing ?

Posted on the 23 February 2015 by Configcrazy @configcrazy
Why mobile banking is the next big thing ?

Team Configcrazy attended the Axis Acquaintance event hosted by BlogAdda and here are some of the details about the event that were pretty important for people to know.
Axis Bank came up with their new App i.e. their mobile banking app ( Download it here .)

This App ensures Security , Safety and socializing in every latest way.
With 50+ new features added in the app , you can see some brilliant working of mobile banking. They have brought some wonderful features like adding a beneficiary instantly and sending money in no time.
Team Configcrazy was giving you the latest updates via twitter when the conference was going on and believe it or not , we were spell-bound by all the features in this app which itself consumes 5Mb of memory on your phone.
You have to register with Axis bank and install the mobile app. Then you have to set up the mPin and you are good to go.
The App has to be installed on the phone having the number registered with the bank.

Why mobile banking is the next big thing ?

When you setup the mobile banking app for the first time , you will be provided a daily transaction limit of Rs. 30,000 for security reasons and you will be allowed for higher limit after 5 days.
Security being the primary concern , the app has bundles of safety mechanism.
You can block your account from the app within seconds and there is no need to call customer care if your debit card is stolen or any other security issue arises .
You can schedule your payments too.
That's not the end of features.
They have come up with this new feature where you can convert your transactions to EMI , check whether you are eligible for credit level increase , block and replace your cards.
The list of features is long.
Do you like collecting rewards ?
Yep, they have that too !
You can collect eDGE loyalty rewards which can be converted into shopping points. Now that's some serious feature for shopaholic.
To be short and simple , this App can :

  • Transfer funds
  • View account summary
  • Mini-statements to your e-mail address in PDF format
  • Recharge mobile,DTH and Data Cards
  • Generate your MMID and OTP for IMPS P2M transactions
  • View eDGE Loyalty Reward points
  • Locate Axis Bank Branches and ATMs near you
  • Schedule/ Pay/ Auto-Pay your bills
  • View details about loan account
  • Save your 10 frequent transactions as Favourites
  • Tweet or Email feedback

They are planning to bring some new features too in the future. Now you can do every banking transactions from your phone.
The app is user-friendly and works efficiently.
That defines the banking in a new way. Banking in your hand ;)

This post is about 'Make the Axis Acquaintance' meet conducted by Axis Bank in association with BlogAdda.com

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