JJEM: Special Edition 1 (December 2023)
JJEM: Special Edition 1 (December 2023)
2023-12-08
E-Banking - Opportunities and Problems an Overview
Shivaprasada B.S
E-banking, which stands for electronic banking, is a broad category of financial services that gives us the option to transfer money using electronic signals rather than cash, cheques, or any other kind of paper documents.Banking finances and money administration are getting more and more electronic due to the incredibly fast development of technology.E-banking has the potential to completely transform the banking sector because it significantly lowers transaction and delivery costs. Developing countries with low information and telecommunications technology penetration have several difficulties in utilizing e-banking services. Inthe digital age, India and its people are going through enormous changes. People now have many possibilities for empowerment because of technology, which allows the field to never stop developing. Traditional methods and procedures have long been used in India to govern the banking industry. One of the important foundations of any economy is thought to be the banking sector. However, according to a recent study, E-Banking is now more advanced in several countries including India.
E-Banking, Technological revolution, Opportunities, Challenges, Traditional Banking.