The Use of Mobile Banking in Malaysia

Introduction 

Mobile banking has revolutionized the way people conduct their financial activities. It is convenient, secure and accessible anywhere with mobile devices. In Malaysia, mobile banking usage has increased rapidly due to its numerous advantages such as fast transactions anytime and anywhere; easy access to accounts; and a wide range of services such as bill payments, fund transfers, balance enquiry etc.

Putting the Mobile Banking into Use 

To get started with mobile banking in Malaysia, users can first start by downloading the mobile app offered by their respective bank or use mobile-friendly websites. It is advisable to go through this process thoroughly as there are tendency for several apps to be available under the same banking domain. Be sure that you have downloaded the right application. Follow the guidelines provided by the application itself to create the account. 

Sometimes the guideline that you find online might not be so straightforward as each banking application has different procedures on its own. You will be sent an verification note to your email if you have successfully created an account. Sometimes it may take a few minutes for you to start using the account. Be patient with this one. 

Once you are done with the account creation, you may link it to an existing bank account. It might take you a while to get a hang of the application and also the things that you are able to do. Try discovering all the features and services provided by the mobile banking app. Make a full use of all the rewards (if there is any). Sometimes you may be able to score rebates if you happen to pay the bills in a mobile banking app so keep an eye on all the latest updates.

Advantages of Mobile Banking 

The key advantage of mobile banking for Malaysian users is that it allows them to conduct financial activities 24/7 regardless of where you are. It also makes mobile banking an ideal tool for busy professionals who want to access their accounts and make transactions on the go. Furthermore, mobile banking offers a secure platform since users can create a unique ID and password for each transaction.

In addition, mobile banking in Malaysia is extremely user-friendly as it allows users to view account information, transfer money between accounts, pay bills and even invest in stocks with just a few clicks. 

Conclusion 

Overall mobile banking is an efficient way for Malaysian users to manage their finances conveniently anytime and anywhere with ease. With the availability of mobile apps and mobile-friendly websites, mobile banking has become increasingly popular amongst Malaysians due its numerous advantages. It has definitely made life easier for those who have to frequently deal with financial matters and that they don’t have the time to physically go to banks.