Research of Mobile Banking Service in China: A Cross Rode of Communication Technology and Financial Innovation

The research and comparative of the experiences that mobile phone banking business developed in different countries demonstrates that with the development of communication technology and its support, phone banking as a combination of electronic money and mobile communications has become an example that IT leads the development of finance. After exploring lots of convenience and advantages that mobile banking can provide to users, the study analyzes the restrictive factors of it from different angles including technology and finance. At last, the research gives some advices to overcome the difficulties and predicts that mobile bank will become a portable financial tool for consumers.