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, visit
www.beyondbranches.com

Nairalanders what do you all think about this innovation?

It will sure help those in the villages where there are less bank branches. Nice one OP. Mod front page please for more comments.




#firstus commente

Mo ti gbo

this innovation was long overdue.

Nice one

Wat more can I say ....at least its not about the terorists in the north or the terorists at Aso Rock..... Its Goodnews.

Surprisingly I will be happy if airtime on my fone can be transferred to my bank account. I'm waiting to see it happen though, just back from First bank in my area to make inquiry, it has not started yet but very soon.

peterjero:
Surprisingly I will be happy if airtime on my fone can be transferred to my bank account. I'm waiting to see it happen though, just back from First bank in my area to make inquiry, it has not started yet but very soon.

Receive sense Na .. I don't want to believe its POVERTY that ........
#jest passing >>>>>>

jamoscofield:


Receive sense Na .. I don't want to believe its POVERTY that ........
#jest passing >>>>>>

Don't insult people if you don't understand their stuff just ask, let me tell you something anger is caused by 80-90% of ignorance
Well as for the airtime to money in bank account I'm almost done with it by January I will launch it in nigeria and you will be surprised. It's just d bureaucracy involved I would have launched long ago

Wonderful innovation! Waiting for the day I can recharge my mtn sim with any other recharge card like glo or Airtel.

Try to Google naija swappa they are already close to that.

Nice innovation

Who try Remita here ? how effective are they?