Discussion
In which type of banking, electronic financial transactions are done?
Answer: A
Correct answer: E-Banking
E-banking, or electronic banking, is the general term for conducting financial transactions by electronic means, and it is the umbrella under which the other channels sit.
M-banking is the subset carried out through a mobile phone, and POS banking refers to card transactions at a point-of-sale terminal - both are forms of e-banking rather than alternatives to it. Universal banking is not a channel at all but a description of a bank offering the full range of financial services. The question asks for the general category, and e-banking is it.
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