Tuesday, 7 January 2014

How to Pay Cash into Your Account at Any Bank

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,
“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.
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