Banking is one of the biggest monetary establishments always investigates the chance of innovation empowered administrations to give better client experience and comfort. Mobile Phone is a typical Technology gadget that turned out to be a piece of each person in the data period. Mobile banking is a rising Alternate channel for giving banking services. India is the second biggest telecom market on the planet which is having high potential for growing banking services utilizing mobile phone technology. The study identified opportunities pertaining Mobile Banking viz., Money transfer, Payment Services etc. This study suggests that from consumers’ perspective Mobile handset operability, Security, Scalability. Reliability, Application distribution and Personalization are the critical issue or challenges of Mobile Banking.
Keywords: WAP, PDA, IMPS.