With a transaction limit of A$1000 a day on its goMoney iPhone application, which was this week extended to business account holders, ANZ has acknowledged that the application has limitations and that larger organisations will still need to use conventional online or branch banking for most activities.goMoney was the first mobile banking application to be released by the four major banks and now has close to 980,000 users - 15 per cent of whom are also small business owners.goMoney has always allowed ANZ customers to view both personal and business accounts from a smartphone. However, it is only with the release of the latest version this week that a clear demarcation between business and personal accounts has been made.At present, the overwhelming majority (70 per cent plus) of goMoney users have the iPhone version of the application, which was launched in September 2010. ANZ did not launch an Android version of the app until September 2012. Nick Reade, general manager of small business banking for ANZ, said that an Android version of goMoney for small business would be released faster than this, "possibly" in 2013. He said that ANZ was also working on an Android version of its FastPay application, which turns a smartphone or tablet into a payments device.