How is Smart-Chip Mobile Banking different than WAP Mobile Banking?
1) High Security. You have to know the login PIN for the smart chip that is embedded in your phone, and there are limited login attempts allowed, to prevent malicious cracking of your PIN. Further, the chip has firewalls within itself, so other parts of your phone can not access the information it contains. 2) Efficiency – Use of the chip ensures that you are not spending a lot of air-time. This saves you money, and allows you to do off-line transactions as well as connected transactions.
