Online banking service: A comparative study between developing country (Bangladesh) and developed country (South Korea)

Online banking is internet banking which is an electronic payment system. It enables customers of financial institutions to acquire their financial transection through internet. Online banking is a new form of traditional banking. Banking industry is the industry where the online payment system used most in contrast to most industries still involve in traditional transportation of physical merchandizing. Banks can deliver services through internet. With the advancements in digital age, banks have redesigned their operations globally through provisioning Internet-primarily based banking services. Online banking system makes every banking faster and easier. Some banks are providing 24/7 real time services. Also customers are able to get the real time information from anywhere if they have any internet connection. If we compare with ancient banking now online banking is replaced by computer networks which is comparatively low in value and obtainable in 24/7.