“#”

Most of you must be familiar with this symbol – Hashtag. It is usually used to classify tweets. This classification is being used by banks to provide services these days in the form of Hashtag Banking.

“Hashtag banking or twitter banking is a method of providing banking services such as fund transfer, balance enquiry etc. as well as giving banking information using hashtag (#)”

The following article by Vivina Vishwanathan at livemint.com explains the concept of hashtag banking. In this article, she explains with an example that how # banking works. Since this is still in its initial stage, there are a lot of doubts regarding it like its safety, technical glitches etc.

Whatever its future, it will be decided on the basis of how banks develop this service and earn people’s trust regarding it.

To know more, please visit the following link:

http://www.livemint.com/Money/PaklJWALLp7ttemZp9oleL/One-minute-guide-hashtag-banking.html