Banks, Mobile Operators and Smartphone manufacturers are redefining the personal banking, Yes I am receiving many test messages from my Bank that my bank account’s balance enquiry is a click away. You can do inquiry, Payments, Transfer of money with your mobile which is associated with your bank account.
In the future people do not want a credit card or wallet to carry their cash. Their smartphones will fulfill all their needs. Because it reduces the usage of coins, paper (money), plastic (debit and credit cards). GPlus has created an infographic “How mobile phones are becoming the new credit card”.