E Banking Pros and Cons – Online Banking Advantages and Disadvantages | Merrchant

It is the 21st century and it can also be said very correctly that it is the era of the Internet. With the internet making its presence everywhere and smartphones penetrating market faster than ever, the internet enabled services have also increased at a rapid pace. And one of the major ITES is E Banking. Also known by the names of online banking or internet banking, this service has now become an integral part of our lives. Whether it is grocery shopping of small amounts or a high amount purchase of an electronic appliance, people are doing transactions through this mode os banking. But because of issues such as security, lack of awareness, data leaks etc. there is a considerable amount of population present who doesn’t feel safe with E Banking. And they have a right to do so because these issues can’t be ignored at any level. Every technology has some advantages and disadvantages associated with it and same goes with E Banking also.