A big relief to Nigerian bank customers: you no
longer need to reach your bank to deposit cash. You can now pay into any bank and the
money will be credited into your account, just like you withdraw cash
from any bank's ATM.
The new deal has been made possible by BeyondBranches, owner of the payment platform QuickTeller, a value added service
platform developed by
Interswitch, the largest integrated payment processing service provider in Nigeria.
Now, BeyondBranches
has developed the payment ecosystem
further by enabling any customer to deposit cash into any bank account held at any bank in Nigeria at an agent. Using this approach,BeyondBranches has been able to bring the bank within easy reach of those who need to deposit cash quickly and securely.
"We are excited to make life easier for
bank's customers. The
cost of transportation,
the time wasted due to
the traffic in Nigeria's towns and cities and
the queues within bank
branches have made life difficult for the
people of the country.
Instead,customers of
any bank can now go to a Quickteller agent and
deposit funds into any bank account in Nigeria," a Chief Operating Officer of BeyondBranches in Nigeria, Simon Aderinlola, said.
"Interswitch explores
different opportunities to provide solutions that support the
Cashless society drive of the CBN while also delivering a financially
included Nigerian population. As such,
BeyondBranches have integrated their platform and growing
agent network into our
platform to build a secure and highly scalable agency banking
infrastructure in Nigeria, enabling Banks and other key players in the industry bring financial
services closer to their
customers in a secure manner.
We are excited about the potential services that can be enabled
with this infrastructure," a Chief Payment and Value
Added Services Officer of Interswitch Nigeria, Mrs. Titilola Shogaolu,
narrated.
"The cash-deposit at an
agent is an exciting new service that helps drive transactions to
agents. By continually
adding new services quickly,we can help drive branchless banking and digital inclusion in Nigeria. We
hope to continue to
support the Central Bank of Nigeria's policies
on financial inclusion," the Chief Executive
Officer of BeyondBranches International, Gregory Ubigen,stated.
BeyondBranches
International Limited was founded in London, UK in March 2013 with a mission to build robust,
secure, active and engaged agent networks globally.
BeyondBranches Nigeria was setup in May 2013 to support the cashless, agency banking and mobile payment initiatives running in that country.
BeyondBranches is underpinned by a flexible, secure platform and scalable
processes to enable Banks and other organizations to effectively leverage
the network to bring
services to their customers efficiently.
For more information,
.
www.beyondbranches.com

Good innovation. Hope it can be sustained.

lovely idea

maka chukwu,d development di mma

Buzzonix: Welcomed development, now i can withdraw and also deposit without having to go long miles.

so i can withdraw in any bank and with deposit in any bank? how true is that? nigerians becareful remember what atm card did to people dont jump into it for now.