SMS based Mobile Banking is an popular application in western countries but in India very few people were using this kinds of facility which is offered by some banks. The Indian government is trying to implement Mobile banking, SMS banking, Net banking and Cashless banking. So we do this application which is very helpful for banking purpose. SMS based Mobile Banking works any kinds of mobile phone. Smart phone or higher end cell phone does not required for this.
This software which provides customers with the support needed to be able to bank anywhere, anytime using a mobile handheld device and a mobile apps service such as text message banking. Mobile apps banking removes space and time limitations from banking activities such as checking account balances, or transferring money from one account to another account. In recent research and studies it was found that while mobile banking and more specifically SMS-based mobile banking applications have become popular in some countries and regions, they were still not widely used.
Now a days mobile banking is very popular because it is portable and can be used anywhere with the help of internet connection. If the person does not have smart phone they can do transaction by SMS. Even the bank provides SMS banking for this. This SMS-based mobile banking specially focusses in developed countries like USA, Canada, Australia, New Zealand, etc. This has unique and featured technology which integrates with real time banking application.
Any mobile phone capable of sending and receiving SMS can be used for SMS based Mobile Banking. The bank provides following facilities:
- View account balance
- Mini Statement with last 10 transactions
- Transfer of funds to own accounts
- IMPS ( Immediate Payment Service)
- Transfer of funds to Third Party accounts as well as Interbank Fund transfers
- Cheque Status inquiry
- Stop payment of cheque
- Cheque Book request
- Changing SMS Password
We can develop this project in following languages:
- PHP (PHP: Hypertext Preprocessor) and MySQL
- ASP.NET and SQL server