Research the growth and scope of new mobile banking technologies in the last five years.
Respond to the following questions in a paper of approximately 3 pages.
- What are the primary uses that banks see among customers for mobile applications and why are some more popular than others?
- What are the key barriers that customers raise in the use of mobile applications and how are financial institutions trying to overcome them?
- Compare and contrast the advantages and disadvantages of payment methods such as PayPal and Apple Pay with proprietary mobile applications connected to traditional financial institutions.