An ever increasing number of SME customers are relying on mobile phones to conduct their transactions. The quality of Mobile Banking apps is therefore becoming a critical point of differentiation for banks to retain and attract clients.
Below is a short list of dedicated mobile banking apps created specifically for SME customers.
- DBS BusinessClassy — Mobile Banking app for SME by DBS Bank (Singapore)
Designed to allow SMEs to connect directly with a network of industry experts, venture capitalists, entrepreneurs, and DBS’s SME specialists. It also allows users to view location-sensitive topics, events, and articles;
- Mobile Banking app for SME from CommBank — Small Business app
This banking app also caters for mobile payments and invoicing. The app uses Bluetooth to pair with Emmy (a compact payment terminal), enabling it to function as a payment tool. It accepts all payment methods, can create paperless invoices, and tracks payments;
- NAB Now — Mobile Banking app for SME from Australian NAB
This app accepts credit and debit card payments from customers, only requiring a smart device and a Bluetooth card reader;
- UOB Business App
UOB’s Business app aims to provide SMEs with a single point of access for a wide range of business and banking services;
- Fetch Mobile Payments — Kiwibank Business Banking
Fetch payment solutions, provided by Kiwi Bank (New Zealand), aims to help businesses get paid faster by increasing the efficiency of smartphone payments.