The Model And Strategy Of Expanding Internet Banking In Macau

All the traditional banking will become extinct in 21 century just like the dinosaur if they cannot suit to the electronic development promptly. N This is the present condition of banking sector described by Bill Gates. To stave off the rigorous crisis, the banking sector in different countries and district are vigorous to expand Internet banking business since the first Internet banking -- Security First Network Bank was established in I 8oct 1995. Obviously, expanding business in Internet has brought the banking sector into a profound reformation; in addition, it gives them an unprecedented ordeal and opportunity. However, most of the Internet banking in the world still lie in investing and exploring stage and all the relevant business are being developed a short while ago. Considering to the impersonal factor and the environmental restriction, it will take a long time for Macau banking sector to expand a mature Internet banking comparing to the developed countries. This article will make a study of the tendency to develop Internet banking in Macau, mainly to the influence in the traditional banking sector; and also to the existing problem while expanding the Internet banking business in actual stage, thus to bring up a rational developing pattern and strategy.