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.

That's cool