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Canara Bank, established in 1906, has been introducing a host of services to cater to the customer’s needs.
The bank is one of the largest with a customer base of 4.52 crore, and a dynamic market presence across the country and overseas.
The introduction of technology products has been a huge challenge in the banking industry, as it was the banks’ responsibility to deliver through the alternate banking channels — directly into the customer’s hand and also ensuring it to be safe and secure. Mobile banking is one such technological product that has enormous advantages for the bank and the customer.
While some banks launched mobile banking at an early stage under different SMS and GPRS-based platforms, Canara Bank worked hard to introduce a strong and secure solution for mobile banking to facilitate its customers.
Canara Bank launched a full-fledged, safe, secure, and instant mobile banking service under the name ‘CanMobile’ on June 6, 2011, which is accessible in all platforms (SMS, GPRS, WAP, USSD) and works on all types of mobile handsets.
Canmobile is equipped with facilities like balance enquiry, mini statement, ATM locator, intra-bank fund transfer, inter-bank fund transfer and mobile recharge.
Interbank transaction solution is provided on NPCI’s IMPS platform. Unlike NEFT, this is a superior technology that offers an instant inter-bank transfer 24X7.
Canara Bank was the first nationalised bank to implement the inter-bank fund transfer using IFSC code and account number, and also the first bank to introduce IMPS fund transfer facility at ATMs.
The bank is one of the largest with a customer base of 4.52 crore, and a dynamic market presence across the country and overseas.
The introduction of technology products has been a huge challenge in the banking industry, as it was the banks’ responsibility to deliver through the alternate banking channels — directly into the customer’s hand and also ensuring it to be safe and secure. Mobile banking is one such technological product that has enormous advantages for the bank and the customer.
While some banks launched mobile banking at an early stage under different SMS and GPRS-based platforms, Canara Bank worked hard to introduce a strong and secure solution for mobile banking to facilitate its customers.
Canara Bank launched a full-fledged, safe, secure, and instant mobile banking service under the name ‘CanMobile’ on June 6, 2011, which is accessible in all platforms (SMS, GPRS, WAP, USSD) and works on all types of mobile handsets.
Canmobile is equipped with facilities like balance enquiry, mini statement, ATM locator, intra-bank fund transfer, inter-bank fund transfer and mobile recharge.
Interbank transaction solution is provided on NPCI’s IMPS platform. Unlike NEFT, this is a superior technology that offers an instant inter-bank transfer 24X7.
Canara Bank was the first nationalised bank to implement the inter-bank fund transfer using IFSC code and account number, and also the first bank to introduce IMPS fund transfer facility at ATMs.
To add more services
The bank plans to add more value-added services on CanMobile and is moving towards delivering a steady and reliable alternate banking channel in the hands of valued customers to serve them better.
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