Welcome to the Future of banking! 

Be your own bank with your own Mobile Money account and Self Bank.

Self Banking! What is it? Does that mean I can be my own bank, receiving and keeping deposits for myself? Yes and No. Yes in that you will be able to keep and carry with you, your virtual vault receiving and making payments on demand anywhere anytime as you go, using your mobile phone or Personal Digital Assistant PDA. And no, in the sense that you will not need to set up a brick and mortar Wall Street type bank, with a 9 to 5 crew to make and receive on your behalf.

 But how is that possible? In one word, technology and in another word m-commerce. Thanks to all of the Social Entrepreneurs who made this convergence of technology and commerce possible, giving us the plat forms through which we can buy and sell, send and receive money, and even access our conventional bank accounts if need be, all from the comfort of our mobile device.

 The future of banking has arrived. In the midst of it all is Mobile Network Operators (MNOs) and financial institutions, providing the framework holding together the components part of the emerging mobile-commerce.

 Unlike traditional brick and mortar banking, where you are tied to your bank, self banking and mobile money are truly liberating, releasing you from the burden of having to do your banking from a particular location. A good case in point are migrant workers in countries like South Africa and other parts of the world, sending and receiving money using their cell phones, from very rural areas far away from any brick and mortar bank.

In addition to person to person transfers, mobile money and self banking enable you to do such things as fundraising without being limited by time and space. Your transactions are instantenous and can be done anytime. There are no banking hours to observe. You can even link your mobile money account to your traditional bank account if you so choose.

Yes there are. The first and foremost concern is safety. How safe are mobile banking and m-commerce? Pretty safe, I would say. What about phishing and identity theft? Well, those are very valid concerns, but self banking and mobile money accounts are a pin base transaction and only those who know your pin can access your account and that is only you. Also, Mobile Network Operators (MNOs) are deploying digital security authentication and processing protocol to protect user information and transaction details from prying eyes.

As you can see, Self Banking, Mobile Money and M-Commerce are new technology cards that have been dealt and having been dealt, they will be played, whether or not you accept it. How you play will determine your level of benefits and success with the new and emerging M-Commerce. The time is now. As with many other past technologies, the early adopters are the ones that become authorities and  make a fortune with the technology. Get on board the future train of self banking, mobile money and Mcommerce today.