Mobile banking is a service provided by a bank or other

financial institution that allows its customers to conduct

financial transactions remotely using a mobile device
such as a smartphone or tablet.

Mobile banking is really efficient and simple but there is a

lot of disadvantage of mobile banking.
One of them is, Hackers can hack your transaction online
and steal your online currency.
You can also dodge this situation by using a VPN and use
a public wifi and transact the money, it is still not
100% safe from scam, malware attacks and hacking.
Hackers have created a malacious software that will
attack bank apps and any online transactions method. If
you lose your device, the strangers anywhere can easily
access to your mobile phone and access the bank app.
They will withdraw your money and transfer it to theirs,
they could also illegally falsely charge you into buying
anything that you did not meant to buy. The scammers can
also trick you by creating a fake bank sites and will
persuade you to fill out your private information by asking
you for your “verification.”

In conclusion, Mobile banking is not secure since the

hackers can easily access to your private information.
Physical banking is safe and no hackers,scammer,
malacious malware can attack your transaction process.