Technology has, for better or worse, undeniably brought about a change, hitherto unimagined, in our life styles. The transformation brought about by technology in the area of delivery of financial services has, thankfully, only been for the better.
Internet Banking complemented by core banking solutions implemented by banks, mobile banking, card based electronic transactions at any bank ATM and merchants locations (both physical and through e-commerce sites) have offered a variety of channels to bank customers to conduct their payment transactions. Mobile as a medium 3.