Okuzeka
Finance & Banking vocabulary · Fintech & Digital Banking

Mobile banking

Meaning in finance & banking, with examples

nounCore term

In finance & banking, mobile banking means: Using a bank's app on a smartphone or tablet to check balances, make payments, transfer money and use other services.

In Turkish: mobil bankacılık

How it is used

Used in product, IT and marketing teams and with customers. People log in to mobile banking, download the app and approve transactions in it. Banks track the number of active mobile banking users as a key figure.

Example sentences

  1. More than 90 percent of our retail transactions now happen through mobile banking.

  2. You can open a time deposit in mobile banking in less than a minute.

Common collocations

  • mobile banking app
  • log in to mobile banking
  • mobile banking users
  • through mobile banking
  • online bankingManaging a bank account through the bank's website on a computer, including payments, transfers and statements.
  • fintechShort for financial technology: technology that improves or automates financial services, and the companies that build such products.
  • digital walletAn app or online service that stores payment cards or money so that you can pay with a phone, watch or computer.
  • instant paymentAn electronic transfer that reaches the recipient's account within seconds, at any time of day, on every day of the year.

More terms: Fintech & Digital Banking

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This page explains English vocabulary for learners. It is not financial advice.