Digital Banking and the Future

Adama J. Adama
2 min readMar 24, 2021


Eduardo Soares on Unsplash

Imagine how it would have been if everyone had to go into the banking hall before making a transaction during the pandemic; this would have aggravated the crisis.

However, this was not the case, thanks to digital banking, which made money accessible from diverse Automated Teller Machines (ATMs), electric payments, and transfers.

Mobile top-ups were also accessible via mobile and internet banking.

Digital banking outpaces traditional banking with the help of technology, thereby creating diverse ways to access banking and financial functions.

Digital banking is operated by banks and other online financial organisations such as CEEPASS, some of which may not partner with larger banks.

These organisations, however, offer better-structured functions and higher interest rates than regular banks.

Many online banks are rapidly coming to the market and offering more benefits and better online services.

Benefits of Digital Banking


Digital banking has reduced unnecessary visits to the bank.

Now, you can access and manage your finances on the go. Remember those days you had to wait in the queue for small transfers?

Today, you can make payments and transfers even at midnight.

Beautiful, right?


With the set-up of diverse digital banking organisations, you have a range of options to choose from during a transaction.

For example, if the transaction fees are too high, you can compare the rates and structure of other digital banking organisations and make transactions with the option that best suits you.

The Future Of Banking

As more banking policies evolve by the day, more people will shift their confidence to digital banking. And this will make digital banking more saturated, giving room for more financial organisations to emerge.

It will also lead to an increase in competition between these institutions and enhance flexibility in digital banking services.

Study shows that only a small fragment of digital banking benefits have been explored.

However, it is believed that as the industry advances, diverse models will emerge with various digital functions, thereby giving you options to explore.

How well have you explored the present digital banking industry?

Give your customers a befitting banking experience. Go digital and provide effective banking solutions.

Be a part of the transformation.



Adama J. Adama

The Chairman of Enadama Group. The Founder and CEO of Farm4Me Agriculture Limited.