Overview of Mobile Banking

Mobile banking is used as a means to perform banking activities such as balance information, account information (such as seeing a book), tranfers of funds and payments.
Examples of services provided on internet banking through mobile phones are:

*Transfer Funds
Transfers between Accounts
Domestic interbank transfers
Scheduled Transfer List

*Payment
Telkom & CDMA Phones
GSM phone
Internet
cable TV
credit card
electricity
installment
insurance
education
Airlines
Autodebit
Other

*Purchase
Pulse CDMA Phones
Toll Phone GSM
ticket
Placement of Deposits

*Account Information & Credit Card
Savings Accounts & GIRO
Outstanding Balance
Transaction history
Account list
Deposit account
Loan Account
Visa Card Information

*Facilities Services
Status Check
SMS Notification Service
Interest Rate Information
information Exchange

Mobile banking service is quite safe because, as the system works as follows:
For transactions that are merely informative (no reduction in balances) then we simply use a password to enter. But for transactions that are moving / reducing the balance we are asked to enter a pin which is produced by a small tool sperti calculators commonly called tokens or pins. This tool will issue a series of numbers (usually 6 digits) that are only identical to our account. So no other tokens may be used on our account.