Banks have introduced electronic banking for several reasons, but the two main ones are:

1. Convenience and Accessibility
   • Electronic banking allows customers to access their accounts, make payments, and transfer money anytime and anywhere, without needing to visit a branch.
   • This makes banking faster and easier, especially for people with busy schedules or those living in remote areas.
2. Cost Reduction for Banks and Customers
   • Electronic banking reduces the need for physical branches, paperwork, and manual transactions, which helps banks save on operational costs.
   • Customers also benefit by saving time and transport costs, as they can do transactions online or via mobile apps instead of going to a bank.