Mobile Banking on the Increase

B1 – Intermediate

Only a little percentage in underdeveloped countries has access to banks but a lot of people have mobile phones. Nowadays, mobile banking is on the rise in these countries.

Read about the rise of mobile banking in underdeveloped countries from the link below and be ready to answer the questions that follow.

https://www.english-online.at/news-articles/business-economy/mobile-banking-in-developing-countries.htm

Discussion Questions:

1. Why is mobile banking growing in underdeveloped countries?
2. What are the advantages and disadvantages of mobile banking?
3. Do you do mobile banking? Why or why not?
4. How popular is mobile banking in your country?
5. What do you think are the future trends in banking?

0.00 avg. rating (0% score) - 0 votes

Related posts:

  1. Hong Kong’s Octopus Card B1 – Intermediate The Octopus card is a smart card used for making electronic payments...
  2. The West Outsources More IT Jobs to Eastern Europe B1 – Intermediate Every company wants to reduce its costs. Some Western European companies outsource...
  3. Open Banking B2 – Upper Intermediate We have been so used to our financial information being kept...
  4. The First Starbucks in Italy B1 – Intermediate Starbucks is one of the most popular American coffee shop chains known around...
  5. Increase your Vocabulary Through Idioms 2 B2 – Upper intermediate Idioms are a very fun way to express certain situations. They...

14 replies on “Mobile Banking on the Increase”

1. Why is mobile banking growing in underdeveloped countries?
Because these countries don’t have account bank but most of the people have a mobile phone.
2. What are the advantages and disadvantages of mobile banking?
You can tranfer money by mobile but the quantity are limited to $120 and only can withdraw money at some shops.
3. Do you do mobile banking? Why or why not?
Yes, I do and I think that it is very safe and comfortable.
4. How popular is mobile banking in your country?
Very popular, almost everybody has it.
5. What do you think are the future trends in banking?
I think that we will be paying all by mobile phone in the future. And we will not need to carry money or credit card in the future.

You stay consistent in practicing your writing. Good work!

Take a look at another way to write this sentence:

You can tranfer money by mobile but the quantity are limited to $120 and only can withdraw money at some shops.

You can transfer money by mobile, but the amount is limited to $120 and you can only withdraw money from some shops.

Keep going to continue with your progress.

1. Why is mobile banking growing in underdeveloped countries?
Because in underdeveloped countries only a small part of the population has access to the bank
2. What are the advantages and disadvantages of mobile banking?
The advantage of mobile banking is facilitating access to the bank for many people in those places where it is not easy to access a bank, on the other hand, the disadvantage is that for some of the operations you pay more.
3. Do you do mobile banking? Why or why not?
Yes I use the mobile banking is very practice .

4. How popular is mobile banking in your country?
I don’t have enough information to give an informed opinion, but I think it’s pretty popular.

5. What do you think are the future trends in banking?
I believe that the future of banks will be to disappear as we know them now.

Great work always practicing your writing.

See a different way to write this response of yours. Take note of how this can be properly punctuated and separated.

The advantage of mobile banking is facilitating access to the bank for many people in those places where it is not easy to access a bank, on the other hand, the disadvantage is that for some of the operations you pay more.

One advantage of mobile banking is it facilitates access to the bank for many people in those places where it is not easy to find a branch. On the other hand, a disadvantage is that for some of the transactions, you have to pay more fees.

Just keep going with this exercise to improve further.

1. Why is mobile banking growing in underdeveloped countries?
It gave the population freedom and a simple way to transfer money to others
The easiest of use and money transfer with a simple click or sending a message are the key.

2. What are the advantages and disadvantages of mobile banking?
Advantages: No need to visit a bank office to do a banking transaction, simple and fast.
Disadvantages : for older people could be difficult to learn new technologies to use a mobile phone and do a transaction with confidence

3. Do you do mobile banking? Why or why not?

Yes i do , at least every day. Because is very useful and simple. You can check the bank balance , pay to some one , etc. with confidence.

4. How popular is mobile banking in your country?
All people in my country who has one bank account has a mobile application. A high percentage of population is using it.

5. What do you think are the future trends in banking?
I think will be less bank offices and pay methods will change drastically.

Good job with your answers. Keep practicing so you may be able to express your thoughts more elaborately.

Here is a better way to write this sentence:

for older people could be difficult to learn new technologies to use a mobile phone and do a transaction with confidence

For old people, it could be difficult to learn new technologies to use a mobile phone and do a transaction with confidence.

Enjoy your writing practice.

1. Why is mobile banking growing in underdeveloped countries?
Because in underdeveloped countries many people have not banking account, but many people have a mobile. So, they can access to send and receive money almost at the moment.
When sending the amount via text to the receiver’s phone number. The person who receives the money goes to an authorized local shop that and withdraws the cash.
2. What are the advantages and disadvantages of mobile banking?
The advantages are access 24 hours, all the week. to send money, You can pay bills easily, you don’t need go to the bank office for make it.
The disadvantages: there are people that can’t access to this service, because don´t manage tecnologies. example: old people, for they aren´t easy to manage.
sometimes there are tecnologics issue and issue security, the tax that must pay for amont can be expensive, and the bank reduces staff because automatic its services, so grown up the unemployess
3. Do you do mobile banking? Why or why not?
No, usually I don´t use mobile banking. I prefer internet banking.
The mobile banking only use when i have to send money quicly, for example. A birthday gift for one of my daughter´s classmates, so we all send him 5 euros each. it is a Agree.
4. How popular is mobile banking in your country?
The true is that i don´t know is mobile banking exist in my country. but I imagine that is similar to the platform named Bizum, and it is popular. above all between the younger.
5. What do you think are the future trends in banking?
I think that the trend will be to make all altrhough virtual platforms and mobile banking.

Good job with your answers to the discussion questions.

Here is a sentence you can improve:

The advantages are access 24 hours, all the week. to send money, You can pay bills easily, you don’t need go to the bank office for make it.

The advantages are that you have access to your account 24/7, you can pay bills easily, and you don’t need go to the bank’s branch to do most transactions.

Keep improving your writing. Continue doing this exercise.

1. Why is mobile banking growing in underdeveloped countries?
because there are not many banks in these countries and people don’t have bank accounts
2. What are the advantages and disadvantages of mobile banking?
It is a easy way of line manging your money. The problem is the taxes that mobile companies applies as is very high
3. Do you do mobile banking? Why or why not?
I have an bank app that makes me manage my accounts easier and fast without taking care of my place
4. How popular is mobile banking in your country?
I think young peoples use it a lot. The probem is for elderly population , the prefer going to the bank directly
5. What do you think are the future trends in banking?
that’s the key because ther we started by telco companies managing our money but we will see how many importantn companies will offer us bank systems , health systems …
In any case we will need always a money manager because we dont want to have our money at home

Nice job writing your answers to your lesson’s discussion questions.

Take a look at a slightly better way to write this sentence:

I have an bank app that makes me manage my accounts easier and fast without taking care of my place

I have an bank app that allows me to manage my accounts faster and more easily without having to leave my place.

Continue working on improving your writing skills through this exercise.

1. The mobile banking is growing in underdeveloped countries because they allow access to banking services in remote areas, send money to another person easily etc.
2. The advantages of mobile banking include 24/7 access to your money, convenient way of paying bills, send money, people can easily move the money in places with no bank offices… The disadvantages of mobile banking is potential security risks, tech issues, and extra charges for services.
3. No, I don’t have a mobile bank. I have a bank where I can manage the money or do everything remotely.
4. Mobile banking is popular but it is no as popular as in other countries. During the last years, it is increasing.
5. I think the future trends in banking is the mobile banking.

Glad to see you always practicing your writing skills. Good job!

Take a look at the following sentences and see how you can improve them:

The mobile banking is growing in underdeveloped countries because they allow access to banking services in remote areas, send money to another person easily etc.

The Mobile banking is growing in underdeveloped countries because it allows access to banking services in remote areas , and sending money to another person easily etc.

The advantages of mobile banking include 24/7 access to your money, convenient way of paying bills, send money, people can easily move the money in places with no bank offices…

The advantages of mobile banking include 24/7 access to your money, convenient way of paying bills, sending money, and moving the money in places with no bank branches.

Until your next one!

1. Why is mobile banking growing in underdeveloped countries?
It is an affordable way to send and receive money because there are few banks. Too many people have access to a banl account.

2. What are the advantages and disadvantages of mobile banking?
People can easily move the money in places with no bank offices. I think thera are high fees for using the apps. I also think this kind of banking doesn´t allows to save money.

3. Do you do mobile banking? Why or why not?
I have an app of my internet banking. This is not an mobile-only banking app.

4. How popular is mobile banking in your country?
I think there is no mobile-only banking in my country. Internet banking has bizzum, a way to move money via a mobile number.

5. What do you think are the future trends in banking?
Probably It will disappear all the local branches and It will remain few branches to exchange money or take checks. Cash as payment will gradually disappearing.

Well done answering the questions. Keep on practicing your writing skills here.

Here is how you can write these sentences a bit better:

Probably It will disappear all the local branches and It will remain few branches to exchange money or take checks. Cash as payment will gradually disappearing.
Probably all the local branches will disappear/close and only few branches will remain open for exchanging money or cashing checks. Cash as payment will eventually disappear too.

Leave a Reply

Only registered students can submit comments.