The benefit of E- Banking
Source
Hello steem world ,
INTRODUCTION
I hereby present to you my little review that will aim on the merits of E-Banking.
As we all know that the world today is developing gradually. And the service industry is the fastest growing sector in the world economy today.
WHAT IS E-BANKING
E-banking is also know as electronic banking ; its is the services rendered by banks through electronic means. It was first introduced in the early 90's till then it as become the fastest means of banking.
MERITS OF E-BANKING
Here are some of the benefits of E-banking ;
It saves time
Due to the speedy need of money the electronic banking as given a great aid for it. So it is the fastest means of banking
It reduces over head cost
E-banking has help many individuals, firm and government to reduce most of thier overhead cost such as transportation fare.
It also aid in exchanging cryptocurrency
Through E-banking cryptocurrencies are easily exchanged to our local currencies with ease means
It also aids in easy payments of bill
Bills are easily paid through E-banking system
CONCLUSION
E-banking is the best and fastest banking that compromise with our developed world today.