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While mobile banking was introduced in India, it was well received by today’s mobile business digital users, who found Internet banking to be extremely convenient for financial transactions.

Online banking enables users to manage a range of financial and non-financial activities comfortably from their homes using a computer or laptop. Mobile banking, which enables users to apply for merchant account from their phones wherever they are, has improved this convenience.

Definition of mobile banking and internet banking.

Mobile banking

Mobile banking is provided by banks to their clients, which enables them to access their bank accounts and carry out payments for business using mobile telecommunications devices like smartphones, tablets, or cellular devices. Applications, mobile web, and short messaging services (SMS) are all possibilities. This service is accessible to the client anytime and wherever they like.

Net banking

Internet banking is a payment method that enables bank account holders & other online business app to use the bank’s website to carry out financial transactions, including bill payments, fund transfers, stop payments, balance inquiries, etc., at any time and from any location. The bank’s core banking system, which includes online banking, is an integral aspect of it.

The difference between net banking and mobile banking.

  • The term “net banking” refers to using the Internet to obtain complete banking services. The majority of banking and financial transactions are available through NetBanking. In many ways, it successfully displaces traditional banking. In contrast, mobile banking refers to any banking service that is accessed through a mobile device. You can open a savings account online, apply for a loan, buy mutual funds or stocks, transfer money via NEFT, RTGS, or IMPS, and use the UPI feature by utilizing a mobile banking app.
  • You don’t need to download any particular software or programs in order to use Internet banking on your computer or laptop. Any browser will work to access your bank’s Internet Banking website. However, using the majority of mobile banking’s functions requires a mobile app. You will need to download the appropriate bank app, depending on whether you use an Android or iOS device, in order to access this feature.
  • You may already have a username and password to access your bank’s online banking portal if you are familiar with Internet Banking and use it. However, you cannot use your bank’s mobile app using your online banking login information. You must submit a separate application like Vyaapar for mobile banking. The majority of apps offer tools like Vyapar book, where you can conduct mobile banking securely. 
  • Push notifications are the final key difference between the two. The Mobile Banking app on your smartphone sends push notifications just like the other apps you use. Much of this information offers clients fantastic deals and discounts. Therefore, to access these offers, you do not need to log into the app. However, Internet Banking does not offer this option. To view the latest deals or sign up for the email newsletter, you must go to your bank’s online banking website.


Both internet access and a mobile device are necessary for Internet banking, and both have different functions. Because mobile banking is a component of Internet banking, its breadth is comparatively greater than that of the latter.