E-COMMERCE
Is online banking fulfilling its purpose?
I would say yes, online banking has fulfilled its purpose, which is providing banking services/activities online for users to make their banking experience more convenient. In the information age, people transfer money between different countries without physically sending it, or they can view their bank account statement from their bedroom, or they pay all their bills while having a cup of coffee in a café.
Banks have objectives and aims, their purpose behind having online banks is to increase customers’ awareness of the bank, increase the number of clients and cut costs. Online banking has also fulfilled this purpose since more people are using online banking in the information age.
Banks have objectives and aims, their purpose behind having online banks is to increase customers’ awareness of the bank, increase the number of clients and cut costs. Online banking has also fulfilled this purpose since more people are using online banking in the information age.