The biggest obstacle to using mobile banking was psychological. Due to being accustomed to cash transactions, people can not come out of this habit. The new technology has to be more creative to popularize. Therefore, virtual bank notes created in the UP, note made on computer which can be of any value and number (eg, 11.50 taka, 23445. 50 taka, 96.50 taka). When the app is trading in the app, the demand for Q and the code will be converted to the correct amount of virtual notes.
Most people are not accustomed to mobile banking, so the virtual notes will be visible instead of Q and code instead of the app transaction in UP. Very easily, people with deprived bank facilities in Bangladesh will get banking facility. People will be encouraged to be constantly safe and convenient in modern mobile banking.
Virtual banknote technology In the year 2017, United Commercial Bank Limited introduced the mobile banking system called 'UPEAP'. To secure all types of financial transactions in the use of the UPS, using reliable technology such as Black Chains and QR
Another information has been reported
United Commercial Bank Ltd. has started the commercial banking bank in Bangladesh in 017 AD. Cashless this mobile banking system, named 'UPEAP', has already received acceptance in public publicity.
In this process, any mobile phone number of the country can be used in any transaction.
Reliable technologies such as Blackchain and QR (Quick Response Codes) have been used to secure all types of financial transactions in the usage of the coupon. Mobile banking is now connected to the modern world via the Google Play and App Store.
Most people in our country are accustomed to dealing with cash. But there is always the risk of money stolen and hijacking. Although only a small part of 16 million people use easy-to-use and secure mobile banking system, although most people have mobile phones.
The biggest hindrance in mobile banking was psychological, as people were accustomed to cash transactions, they could not get out of it. Therefore, the United Commercial Bank has created a virtual banknote in the UP, note made on computer which can be of any value and number (eg, 11.50 taka, 234545.50 taka, 96.50 taka). So, when the app is trading in the app, the QR code will be converted to the right amount of virtual notes as demanded.
Since most people are not accustomed to mobile banking, the virtual note will be visible instead of the QR code at the time of app transaction in the UP. Through this it will be easily benefited by the deprived banking services of Bangladesh and will be encouraged in the continuous safe and convenient modern mobile banking. With the help of virtual banknotes and financial transactions, taxation of a large population of the country will be ensured through which revenue will increase and Bangladesh will further advance to prevent corruption.
