Benefits of E-Banking

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Although mobile banking isn’t a new concept, it still blows me away how many banks and people around the world don’t have access to internet banking. I’ve always seen the positive side to mobile banking in terms of helping people have access to banking, but it was interesting reading this article about the National Microfinance Bank in Tanzania and how it’s also helping the bank. It’s hard to realize how hard banking can be when I have a bank at the bottom of my building and it takes all of 3 min to deposit a check…and thats when I’m not banking from my phone. By giving people access to e-banking, it helps the banks be more efficient with the people that are coming in for bigger things, rather than having a line that lasts hours just o do a simple task.

NMB E-banking Eases Congestion – Read the article here


About Jerry Ostradicky

I work in Advertising Operations at Zillow, but LOVE microfinance. I'm always interested in startups, especially non-profits, reach out to me if you're working on anything cool!