Moreover, mobile banking is conducted with the availability of an internet or data connection to the mobile device. In addition, it typically operates across applications developed for iPhone, android, or other device platforms. The devices such as smartphones or tables are used for mobile banking, primarily for transferring money from one account to another and depositing a check by taking a picture, which is prominently provided features for mobile banking in the market. Mobile banking is a service provided by a bank or other financial institutions, allowing users to conduct financial transactions remotely using a mobile device. The global mobile banking market was valued at $715.3 million in 2018 and is expected to reach $1,824.7 million by 2026, registering a CAGR of 12.2% from 2019 to 2026.
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