Our
ancestor has evolved with the stage of batter trading for the management of
their own needs. The management of
financial system was not very much used to with them. The ministry of finance
as a sole authority in our country has managed all the financial work for
government. It was only in 1968 the first commercial bank started functioning
for the general public. The use of ICT has brought lots of changes to the
banking system. As a student I have been literate on the financial literacy
through the use of ICT.
I
still remember during my school days that, my parents took almost a day to
withdraw/deposit money from the bank. My first learning experience on the
financial management using ICT was when I was in Paro College of Education. The
pocket money that I brought in the beginning of semester has been about to
finish and I called my parents to send me some money to somebody who ever
goes to paro. I doubt that it will take some time to reach me but my parents said
you can receive the money today itself if you use the mobile banking of Bank of
Bhutan. Then I feel so happy and started to ask information about the use of
that app. With the use of ICT I am able to learn some of the following.
The
given steps are involved while using the MBOB app:
Any
individual having the bank account holder with Bank of Bhutan can access on the
use of MBOB from the goggle play store.
1. Download
the MBOB app from play store
2. Install
it in your mobile
3. Create
user id and pin code
When
it is installed on your phone the dashboard will be displayed with the options
to use.
The
items in dashboard are:
Accounts,
Cards/Loans, Bill payments, Forex, Fund transfer, Scan and Pay, Recharge,
Others and Interest rate.
From
many of the above features the important one I have learned are as follows:
Fund transfer:
This
feature is used to transfer the funds to others from the user account and it is
very easy and quick. The steps involved are:
a. Press
on fund transfer button.
b. Then
we will be given options to send through various banks. Choose the banks
c. Insert
the detail required like account number of fund receiver and amount to be
transfer.
d. Soon
after the fill up of detail required the transfer button will be shown.
e. Finally
fund will be transferred and the message will be send to your mobile.
Recharge
This
feature can be used to recharge our phone and broadband packages easily.
Steps
involved are:
- Go
to recharge button
- Select
from the options to recharge and then put the phone number with specific amount
to recharge.
Bills payment/Utility bills
This
feature will be used for bill payment like electricity bills and water bills
from using this app.
The
steps involved are:
- Go
to the bills button
- Select
the option to pay bills like electricity, water, etc..
- Insert
the consumer number and the bill will be paid
The
above information I learned with integrated ICT is very useful and relevant in
our day to day life. The changing of
technology in banking function has made easier life for all the users. It not
only educates us on the use of financial products but it saves the time and
indirectly the expenses for us.
Thank you