Mobile Banking – A Digital Revolution from Germany

Economy

It is obvious that we are living in an era when smart devices, various digital equipment and the Internet are basic needs for almost everonye. With the help of our smart phones we can search on the Internet when standing in a queue or when shopping in a supermarket. However, a new German invention called Number26 is making our lives even more easier and more comfortable.Number 26 mobile bank – N26 – is a brand new digital invention coming from Germany. N26 started its career this summer, when it received permissions from the German government to start functioning as a bank. Their main goal is to make online banking available in every EU member country.

Costumers of N26 can open their bank account online, they do not have to go to the bank in person or to sign a number of papers and contracts; users can identify themselves only with a videophone. N26 makes it possible for its users to invest their money online or even handle their insurance issues only with the help of their smart phone.

In the future Hungarian banks might also keep up with N26 and make it possible for their costumers to create a bank account online without having to go to the bank in person.

 

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