Mobile Banking refers to the use of a mobile device, such as a smartphone or tablet, to access and manage banking services and financial transactions. This convenience allows users to conduct various banking activities anytime and anywhere, provided they have an internet connection. Common features of mobile banking include checking account balances, transferring funds, paying bills, depositing checks via camera, and receiving account alerts. Mobile banking applications are typically provided by banks or financial institutions, ensuring security through encryption and authentication measures. The growth of mobile banking has transformed how individuals interact with their banks, making it easier to manage finances on the go.
**Kenya’s Fintech Frontier: Payless Leads the Charge** In a bold move shaking up Kenya’s financial scene, Payless has unveiled its cutting-edge Bank-to-Payless feature. This innovation offers a streamlined way for…