Why is Mobile Banking Application Important?
Now consumers can access banking services from anywhere by using mobile banking. In addition, businesses and business owners can now save time by using mobile applications to process their payments and even receive money from customers directly to their phone numbers. The pandemic has highlighted the need to meet the digital banking needs of the customer. Several studies have confirmed that the pandemic has had a dramatic impact on the digital banking infrastructure. For example, a survey by Entersekt and PYMNTS.com found that it has been a 200% jump in mobile banking usage since the start of the pandemic. Therefore, it becomes clear for banks to invest in the development of mobile banking apps. Cost to Develop a Mobile Banking Application Banking app development is dependent on several factors, including the technology used and the features implemented. Operating system, technology preference, and app features are also the direct factors influencing the cost of banking app development