It is a menu-driven mobile application using which a bank accountholder is able to access his/her registered accounts from his/her phone. The application currently allows information exchange but in the future it will support fund transfers as well, all data exchanged between mobile phone and server is fully encrypted. The service can be received through a bank based registration mechanism and all the registered accounts are centrally administered from the bank’s premises.

City Bank Limited has launched the same for their account holders branded as “City Wallet”. A huge interest by the banks is found on this type of application service. We are currently working out with our existing bank clients to launch the same for their account holders.