The current article has been developed for analyzing the merits and emirates of mobile banking in developed countries. Concepts of
mobile banking have been discussed to specify the importance of this faculty. The benefits of banking sectors and the customers have also been aligned with the analysis of the current article. Identified merits of mobile banking are time-saving banking service accession, banking profitability return increasing whereas security has been considered as demerits. Future scope of financial well-being and customers’ security has been planned by the banking sector.