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VOL. 7, ISSUE 4 (2025)
Mobile banking in the digital economy: Opportunities and challenges in shaping contemporary commerce
Authors
Arun Kumar, Rashmi Bansal, Sunil Kumar
Abstract
Mobile banking has emerged as a transformative
force within the digital economy, significantly reshaping contemporary commerce
and the delivery of financial services. The primary purpose of this paper is to
identify and analyze the key opportunities and challenges associated with
mobile banking in shaping modern commercial activities. Through a comprehensive
review of recent studies, industry reports, and global trends, the paper
highlights major opportunities enabled by mobile banking, including the
expansion of digital transactions, enhanced support for small-scale and informal
businesses, and the acceleration of cashless economy initiatives.
Simultaneously, it critically examines the challenges hindering widespread
adoption, such as cybersecurity risks, regulatory and compliance complexities,
technological disparities, and consumer trust concerns. By synthesizing
existing literature and empirical insights, this study provides a holistic
understanding of mobile banking’s role in contemporary commerce while
addressing its operational and strategic constraints. The findings offer
valuable implications for policymakers, financial institutions, and industry
stakeholders aiming to strengthen mobile banking ecosystems and promote
sustainable growth in the evolving digital economy.
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Pages:48-52
How to cite this article:
Arun Kumar, Rashmi Bansal, Sunil Kumar "Mobile banking in the digital economy: Opportunities and challenges in shaping contemporary commerce". International Journal of Finance and Commerce, Vol 7, Issue 4, 2025, Pages 48-52
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