BFC Bulletins Monthly News Digest
Tags Customer Experience Digital Banking SME
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.
