What's the difference between electronic banking and online banking?

The difference between electronic banking and online banking lies in the different scope. Electronic banking includes online banking, mobile banking, self-service banking and other ready-made businesses, and electronic banking includes online banking. E-banking means that banks provide off-site financial services to customers through communication channels open to the public, open public networks, and the construction of private networks for specific self-service facilities and users.

Benefits of e-banking

1. Reward the bank's operating costs and improve the bank's operating ability: the online banking business has been launched, which can make full use of public network resources without setting up physical branches or business outlets, reduce personnel consumption and improve system operating efficiency;

2. There is no space restriction, which is conducive to increasing the user base: online banking has broken through the limitation of low time and space for traditional banks to handle various businesses. Users no longer need to wait for a specific time to go to the bank to handle business, but only need to handle various financial businesses at home;

3. Service innovation, providing a variety of personalized services: using the unique network and payment system, it is easier to meet customer needs and provide customers with more suitable personalized financial services.