Mobile Banking Problem and Prospects

mobile banking important report

“Problems and prospects

of

Mobile Banking in Bangladesh”

Submitted to=

Submitted by=

DATE OF SUBMISSION: 19 TH November, 2011.

Acknowledgement

First of all we would like to show our deepest respect and thanks to Almighty God who blessed us to accomplish the report, which is an essential part of M.B.A. Program. This report is prepared with the best effort with a feeling of great pleasure and satisfaction.

The report on “ Problems and Prospects of Mobile Banking in Bangladesh” results from considerable intellectual and moral support given by our Honorable teacher Mr. Mohammad Harisur Rahman Hawlader, Department of Management studies, University of Chittagong. He has been our mentor from whom we got the inspiration and guidance to learn to make the report a good one. We have the immense pleasure and satisfaction in presenting this report. The gain of this paper depends on the contribution of our honorable teacher those who spare time to share their attentive art of judging of merits and faults and suggestions. Basically, his support, encouragement and availability to discuss ideas and problems have contributed much in completing this study. His friendly guidance and cooperation which is very rare inspired us to complete the whole work timely.

Executive Summary

Over the last few years, the mobile and wireless market has been one of the fastest growing markets in the world and it is still growing at a rapid pace. This opens up huge markets for financial institutions interested in offering value added services. With mobile technology, bank scan offer a wide range of services to their customers such as doing funds transfer while traveling, receiving online updates of stock price or even performing stock trading while being stuck in traffic. Mobile devices, especially smart-phones, are the most...