Impact of Information Technology on the Banking Sector in Developing Countries

Abstract

The new world requires development in terms of technology and the use of it, in addition, people are leaning over the use of internet nowadays. In that terms, I propose a system of mobile banking for the Bank of Muscat. The system is mobile device activated and could be used to remotely access one's bank account and perform given operations and transactions; payments, transfers, enquiries of the account and other services to be demonstrated later on. The service I am proposing has to be updated and promoted accordingly as some users are not in good terms with using m-banking services just yet.