Telekommunikationssystem und -management

Mobile Banking and Digital Payments Empowered by Telecommunication Networks

Abstract

Aijaz Shaikh

Mobile banking and digital payments have witnessed a transformative evolution in recent years, driven by the ubiquitous presence of telecommunication networks. This paper explores the synergistic relationship between mobile banking, digital payments, and telecommunication networks, highlighting their profound impact on financial inclusion, convenience, and security. The study delves into the technological advancements, regulatory frameworks, and user adoption patterns that have shaped this ecosystem. Moreover, it investigates the challenges and opportunities in leveraging telecommunication networks for empowering mobile banking and digital payments, emphasizing the importance of collaboration among stakeholders in driving further innovation and accessibility in the financial sector.