Self Bank, Mobile Money, and The Emerging MCommerce Global Order- A review

This is a review of Self Bank, Mobile Money and the emerging global MCommerce and the social entrepreneurs driving this new order. The review will highlight the opportunities and concerns of self banking, Mcommerce and Mobile Money.
Welcome to the Future of banking! Be your own bank with SelfBank Mobile Banking.

Self Banking! What does that mean? Does it really mean I can be my own bank, receiving and keeping deposits for myself?

Yes and No. Yes in that you will be able to keep and carry with you, your virtual vault, receiving and making payments on demand anywhere anytime as you go, using your mobile phone or Personal Digital Assistant PDA. And no, in the sense that you will not need to set up a brick and mortar Wall Street type bank, with a 9 to 5 crew to make and receive payments on your behalf.

But how is that possible? In one word, technology and in another word m-commerce. Thanks to all of the Social Entrepreneurs who made this convergence of technology and commerce possible, giving us a platform- SelfBank Mobile
- through which we can buy and sell, send and receive money, and even access our conventional bank accounts if need be, all from the comfort of our mobile device.

Self Bank, Mobile Money and MCommerce have been long in the making- 8 years to be precise. The future of banking and commerce has arrived. In the midst of it all is SelfBank Mobile, providing the framework holding together the components part of the emerging mobile-commerce.

Unlike traditional brick and mortar banks, SelfBank Mobile, gives equal access to all to participate is this global phenomenon. There are no special requirements to become part of this emerging global order. All that is required is a WAP enable mobile device.

Unlike conventional banks, SelfBank Mobile offers a sign up bonus of $100 to anyone who signs up for this free service. This is actual spend able deposit that can be spent at will with any of the participating merchants, and there are many. Also, there are no credit requirements for opening an account. All credit types are accepted.

There are two types of SelfBank Mobile accounts. One is the SelBank Mobile User Account and the other is the SelfBank Mobile Merchant Account. As the names suggest, the former is for those who simply want access and use of the SelfBank Mobile platform for their self banking needs. The Merchant account on the other hand is for those who intend to become merchants using the SelfBank Mobile Banking system.

What are the benefits of having a SelfBank Mobile banking account?

There are many benefits, some of which include:

Free account setup.
No minimum deposits.
Get a $100 sign up bonus.
Refer others and get another $100 deposit you can use as you please for each person you refer.
Use the service anytime anywhere to send and receive money, make purchases and make payments for free
Connect to your traditional bank account if you so choose.
Share in the equity if you are a merchant account holder.
Build a residual income stream for yourself.

What are the concerns?

The first and foremost concern is safety. How safe are mobile banking and m-commerce? Pretty safe, I would say. What about phishing and identity theft? Well, those are very valid concerns, but SelfBank Mobile Banking uses an enhanced digital security authentication and processing protocol to protect user information and transaction details from prying eyes.

SelfBank Mobile Financial
and M-Commerce are two technology cards that have been dealt and having been dealt, they will be played, whether or not we accept it. How you play will determine your level of benefits and success with the new and emerging M-Commerce. The time is now. Get on board the future train!

By Austin Akalanze
Published: 8/29/2008
 
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