Future banking will penetrate beyond brick and mortar model in fact it will be on ABSE "travels with you-ALONG WITH MOBILE. Growing popularity of banking users have recorded three fold increase across the world Mobile Banking can be assessed from the fact that in the past two years mobile Bringing with it qualities like in expensive ease of operation mobility for the customers and lower transaction cost for the banker Mobile banking or M-banking is all set to change the face of banking in the years to come Apart from enabling services like Bill payments fund transfers, balance checks etc mbanking has tremendous contribution in taking financial services to the handsets of financially excluded people EXAMPLE Wizzit in South Africa Wizzit Bank is a virtual bank which is a subsidiary of Bank of Athens in South Africa It provides the unbaked population with bank accounts on mobile phones which can be used to make person-to-person payments, transfers and pre-paid purchases Besides account holders are also provided a Maestrocard for cash withdrawal The MSPs supports this facility as carriers of such transaction instructions.