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Mobile Banking: Possibilities Unwired

Introduction

Friday, July 20th, 2001: It’s been a fast-paced work week. For a good part of the weekend I’m going to have to catch up with pending chores. Among other things, bill payments and routine finance management. Thank heavens! At least that trip to the bank is a ritual I have not had to bother with for months. Internet banking is one weekend-redeemer I love. Now, let me just plan it all out. And yes remember! Remember to do it all…

Monday, July 21st, 2008: After the all-so-familiar race against time, I’m breathing easy at the airport lounge. Luggage checked in, I’m all set to take off for that 15 day workshop, scheduled on the other hemisphere of our planet. That’s when it hits me…really hard. I have forgotten to pay my electricity bill again. A dark homecoming assured, if I don’t act fast. Fishing out my mobile, I punch out a hasty SMS instructing my bank to pay the bill. It comes easily.

After all, that’s how I’ve been shopping, banking, ticketing, stock-trading and even socializing these days. I smile, as I think of how the same situation would have sent me scurrying in search of an Internet kiosk a couple of years ago. As if on cue, the beep on my mobile tells me I’ve just received a confirmatory message from my bank on having paid the bill successfully.