Mobile banking refers to the use of a mobile device, such as a smartphone or tablet, to conduct financial transactions and manage banking activities. This technology allows users to access their bank accounts anywhere and anytime, offering a range of services including checking account balances, transferring money, paying bills, depositing checks, and finding ATMs. Mobile banking can be facilitated through dedicated banking apps provided by financial institutions or through mobile-optimized websites. It enhances convenience for users by enabling them to perform banking tasks without the need to visit a physical branch. Security measures are typically implemented to protect user data and transactions, such as encryption, two-factor authentication, and biometric verification.
**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…