Mobile phone theft is very common, especially in big cities. This is what many people separate a device “The thief’s cell phone” – To be delivered in case of robbery or to be used in public areas
Most of the time the device is old and the person starts using the device when they go out and do not want to put their belongings. smart phone at-risk youth There is also a different strategy that involves opening a digital bank account with little money while purchasing a new mobile phone to use for traditional purposes (such as accessing social networks, games, photos, etc.).
Meanwhile, the person leaves. smart phone The oldest bank with the strongest financial reserves that retains official banking practices. So are these two strategies worth it?
Is it worth using two mobile phones?
The practice of using two mobile phones with different functions is not exactly new. According to ANATEL, there were approximately 251.1 million active mobile phones in Brazil in April 2023.
However, according to IBGE, the Brazilian population in the same year was approximately 203 million people. This means that There were another 48.1 million devices is greater than the total population of the country.
Therefore, it is understood that many people have two mobile phones at the same time, which can bring convenience and difficulty to the user. This challenge also arises for financial institutions, which must adapt their interfaces to be compatible and functional with a wide variety of models of Android and iOS systems. smart phones.
In this scenario of split between two devices, there is a need to continue using older devices. The data published by Google on the Android Platform in October 2023 shows the following: 40.2% of people are still using Android 10 – Even lower versions released in November 2019. So many users are still using mobile phones that are more than five years old.
Difficulty with virtual banking applications on old smartphones
This practice has become so widespread that it has even given rise to a term called . Old First (unlike its predecessor M.Obil First), This means prioritizing adapting apps to work well on both new and old mobile phones. – is often used by both those with two devices and those with low incomes.
According to the findings, more people continue to use old mobile phones that do not support advanced and robust systems. This causes developers to think about programming solutions to incorporate these devices into their applications.
With the development of financial markets and increasing competitiveness Fintechscompanies in the sector have devoted themselves to programming applications Agile can perform operations even on non-state-of-the-art devices.
In this way applications Able to accommodate customers with devices with a lifespan of 4 or 5 yearsWhich no longer receives updates but tends to continue to be used by personal preference or simply as a “thief’s cell phone”.
This problem has already been widely observed. players Facebook, which uses the strategy of having a Lite (lighter) version of its applications, is in the digital market like TikTok, Spotify and Instagram.
Banks are forced to consider more advanced solutions because they are dealing with highly sensitive data in case it is leaked (for example, the Lite version should not mean less security for the user).
What is the solution to keeping banking applications secure on older versions of mobile phones?
From this discussion the following conclusion is reached: Fintechs They need to take into account the difficulty it poses in their work. Old first. This included, for example, conducting continuous assessments aimed at adding automation, the use of artificial intelligence and even the use of other applications such as WhatsApp to support financial transactions.
The truth is that so far Financial institutions are still debating what they need to do to deal with all these problems. But the starting point is to accept that this reality exists.
One way to achieve this is to conduct demographic surveys with this target audience to understand which operating systems are used most and on how many operating systems. smart phones customers accessing their accounts, in which region the usage of a particular device is predominant, etc.
Thus, working with the presence of the second device, it is possible to begin to develop strategies that will help satisfy the customer and reduce the likelihood of calling competing institutions.
Companies specializing in software development can help in this regard. Sofist, which safely delivers on-demand projects to its customers, is an example of this.
Tips for those using a second mobile phone
If you are a digital bank customer and use an old device for financial transactions, it is important to always pay attention to some details listed below:
- For smaller payments and everyday transactions, try using your “thief” device. For example, you can reduce the daily maximum transaction amount through PIX;
- For higher values, choose the most current mobile phone;
- If possible, use this feature to hide financial apps. smart phone, these are only displayed after entering a code;
- It is better to have two different mobile phones than to have two different mobile phones chips. Because it is not possible to guarantee that criminals will not be able to access the contents of both devices if your mobile phone is stolen. chips of your device.
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Source: Tec Mundo
I’m Ben Stock, a highly experienced and passionate journalist with a career in the news industry spanning more than 10 years. I specialize in writing content for websites, including researching and interviewing sources to produce engaging articles. My current role is as an author at Gadget Onus, where I mainly cover the mobile section.
