From Cash to Apps: The Mobile Banking Revolution

Mobile banking has transformed how people manage money. M Pesa brought banking to millions of unbanked Kenyans. UPI processes billions of transactions monthly in India.

Pix transformed Brazil. In developed countries, neobanks like Monzo, Revolut, and Chime challenged traditional banks. The smartphone replaced the branch, the teller, and the ATM for many customers.

The shift to digital banking reduced costs but raised concerns about financial exclusion, cybersecurity, and the concentration of financial data in technology platforms..