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Showing posts from May, 2015

The Bank in Your Pocket

     May 15, 2015 marked another milestone in the Bhutanese banking sector. The country's oldest and the biggest bank, Bank of Bhutan launched its Mobile and Agency banking. The Finance Minister, Lyonpo Namgay Dorji presided as the Chief Guest. The launch was attended by the other dignitaries, government officials, media personnel and the partners.        While Bank of Bhutan already had basic Mobile banking, which provided sms alerts (on amount more than 5,000 BTN) on deposits and withdrawals, or do a balance inquiry or view last transactions, the current facility with many modern and additional features. This one comes with a cool app - M-BoB. With the coming of 3G network and better connectivity, more and more people bought smartphone. But that is not all - other customers, who still use basic phones can also avail the services using Unstructured Supplementary Service Data (USSD) - *262#. And where there is no Internet connection, USSD comes in handy even for the smartphone use…