How Can Mobile Banking Help in CSR

Digital Banking Help in CSR

To understand How Can Mobile Banking Help in CSR, Crowd funding and fundraising for community support. First, you need to understand terms “Mobile Banking,” “CSR,” etc. Let us see:
CSR:
CSR stands for “Corporate social responsibility.” It is a very broad concept that covers many topics like health, human rights, environments; etc.CSR is a management process whereby different companies or organization integrates social and environmental concerns in their business operations and interactions with their partners. Actually, CSR is a technique by which a company or organization achieve his goals like social, environmental and economic. It helps a company to understand their impact and influence on their product in society. This concept usually used by companies or organizations.

Mobile Banking:
Mobile banking is processed by which we use smart phones or cellular phones for online banking like Transfer of balance, monitor account balances, bill payments, etc.

How Can Digital Banking Help in CSR?
Social responsibility means that individuals and companies have a duty to act in the best interests of their environments and society as a whole. Social responsibility, as it applies to business, is known as corporate social responsibility (CSR). Many companies, such as those with “green” policies, have made social responsibility an integral part of their models. Almost every bank and company has some reserve funds for CSR. There are different areas where these funds use. Digital banking playing an important role in CSR. It participates in numerous social and environmental activities. These activities causing to live many lives in a new way. There are various focus area of a bank’s CSR like
• Supporting Education
• Help in national calamities
• Environmental protection Take care of poor children’s
• Supporting healthcare
• Development programs
• Develop Women’s

How Can Digital Banking Help in Fundraising?
In modern era and fast world, fundraising by digital banking is a remarkable invention. It has made it easy and cheap to launch a campaign. Digital fundraising is simply a technique to raise fund for a community. Today every man has a mobile phone and easy access to the internet. You provide them the easy way where they can do some clicks and deposited his funds. There is a lot of methods and strategies by adopting you can raise funds.
Main method of digital fundraising:

Crowd funding:
Some years ago maybe you do not perform crowd funding online, but now it is usually. Crowd funding is simply a process by you get a very small amount from a lot of people rather than to get a huge amount of donation from one person. Nowadays it is a very popular technique to help people. This way they get achieve collectively a huge impact or amount. There are many sites, which can ask you to donate some pennies. Digital banking is very helpful for crowd funding, a person can donate some amount just in few seconds. All this is due to Digital banking system. Mobile banking is the easiest way to deposits funds; you do not need to go somewhere.