Evolution of electronic banking started with the use of automatic teller machines (ATMs) and has included telephone banking, direct bill payments, electronic fund transfer and online banking.
Many forecast that online banking will continue to be the most popular method for future electronic financial transactions. On the other hand, Mobile Banking refers to provision and availability of banking and financial services with the help of mobile telecommunication devices. The scope of offered services may include banking transactions, administering of accounts and access to customized information.
Fast expanding mobile telephony in Bangladesh has opened up windows of opportunity for creative ...view middle of the document...
We, in Bangladesh Bank, are doing our best in encouraging simpler, risk-free, cost effective and faster mobile financial services.
Abstract: E-business has created tremendous opportunity all over the globe. On line banking can act as a complementary factor of e-business. Bangladesh Bank has recently argued to introduce automated clearing house system. This pushed upward transition from the manual banking system to the on line banking system. The study has been undertaken to observe present status of the e-business and as its complementary factor on line banking system in Bangladesh. The article analyzes the data that were collected from Bangladeshi banks up to February 2010 and also used snowball sampling techniques to gather answer from the five hundred respondents’
who have already been using on line banking system on the basis of a questionnaire which was prepared for this study purpose. The study found that dealing officials of the banks are not well conversant about their desk work. Authors’ observed that the country can be benefited through successful utilization of e-business as this will help to enhance productivity, monetary gain of both producer and customer may be feasible and positive impact on raising gross domestic product. E -business especially with the help of on line banking can manage economy of Bangladesh in a better way as customer will be satisfied.
Bangladesh is still lagging behind to avail the opportunity of e-business.
However, banking sector as a whole has been introducing on line banking system which plays complementary role to spread of e-business. Internet has opened a new horizon of e-business, creating immense opportunities for marketing products as well as managing organizations banking internationally. Gradually wire less Internet system has been creating a new paradigm and electronic fund transfer can have a suitable formation.
E-business can improve the quality of the services, save customers valuable
time, movement from one place to another and receiving the goods accurately. E-business brings a new channel of distribution process. But this leads to change in the regulatory issues, cross border trade through emerging new marketing distribution channel. This reduces transaction time, boundary less trade, and accuracy. In developed nations, e-business creates an opportunity to directly selling of the product to the customer without using any intermediaries. This process occurs mainly in the four systems: businesses to business (B2B), business to consumer (B2C), business to
government (B2G) and consumer to consumer (C2C).E-business expedite the process of better customer relationship management. It also helps to attain enterprise resource management as well as “e” to “e” process. As such on line banking system can add value and value chain can be created in the e-business process. In turn it helps to raise gross domestic product of the country.