According to WikiPedia, Mobile banking
is a term used to refer to systems that allow customers of a financial
institution to conduct a number of financial transactions through a
mobile device such as a Smartphone or Tablet.
Note that Mobile banking
differs from mobile payments, which involves the use of a mobile device
to pay for goods or services either at a POS or remotely. The earliest mobile banking services were offered over SMS, a service known as SMS banking. Later on, the introduction of WAP enabled phones
created a new era of using the mobile web in 1999, which prompted
European banks to start offering mobile banking services to their
customers.
