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.


Simon Aderinlola, chief operating
officer of BeyondBranches in Nigeria, said: “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.”

Mrs Titilola Shogaolu, Chief Payment and Value Added Services Officer of Interswitch Nigeria 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.”

Gregory Ubigen, chief executive officer of BeyondBranches International said: “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.”


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, visit
www.beyondbranches.com

Source: http://pmnewsnigeria.com/2014/01/07/you-can-now-pay-cash-into-your-account-at-any-bank/

Another thread is active with the same gist bro

Nice concept, it will be very easy to run as most banks are on interswitch enabled platforms. Kudos.

Whao! What a good development,I pray it works

Good job

Are the banks also the quickteller agents, or we have to be looking for this agents.

Interesting.....hope diz isn't jxt gonna be a paper work though.

professore: Another thread is active with the same gist bro

ok

macklef: Are the banks also the quickteller agents, or we have to be looking for this agents.

Don't know but thinking there maybe Bankbranches agents that would be stationed inside the banks according to the news.

Alternatively, central bank can make banks to buy this software from the company and integrate it fully into their banking platform.

Strongbest: Interesting.....hope diz isn't jxt gonna be a paper work though.

I don't think so

Strongbest: Interesting.....hope diz isn't jxt gonna be a paper work though.

sorry house for digressing, hello strongbest. pls what happened to d thread "lucrative business you can do with 20k or less"? I couldn't get through anymore. pls reply.

opson1:

sorry house for digressing, hello strongbest. pls what happened to d thread "lucrative business you can do with 20k or less"? I couldn't get through anymore. pls reply.

Sir, we lost it to the attack on Nairaland. I have just opened a new thread to continue. You can check the business section for it, the title is Free Skill Acquisition E-Centre. Thanks.

dis one go work so? after depositing de person carry ur money desapear? see fast man!

dis one go work so? after depositing de person carry ur money desapear? see fast man!