Saturday , 22 July 2017

How to Pay Cash into Your Account at Any Bank

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.

a-nigerian-banking-hall-489x336The 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

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14 comments

  1. longmak aloysius daniel

    That is the best for our country.

  2. A cool and forward motive i think @www.the4trend.com

  3. Uzoechi Christian Emenike

    It makes no difference because, immediately it is introduced, corrupt people will manover it

  4. This is a welcome development

  5. another opportunity for the hackers to try what they know best? well we hope not so

  6. INFACT,DIS IS A DREAM FULFILLED IN OUR BANKING WORLD.THANK GOD 4 INTERNET.SCIENCE HAS INCREASE MAN POWER 2COPE WT NATURE

  7. Ohhhhhhhhhhhhhh,what a beautiful idea in a corrupt Nation. But there did not tell us charges involve. These was the case of ATM card and when it come to were we refuse paying the one hundred naira charges banks close nearly all stand an we begin queue. God help us.

  8. Good idia God bless sanusi lamido sanusi lol

  9. This is indeed very good relieve for us. But the only problem I have here now is the method of implimentation in this our greate Nation, if the banks will not come up with excuses of money missing. Like the ATM where you will be debited without payment. I love the idea, is welcomed by me.

  10. It is a welcome development.

  11. Kudos,what a marvel! but,the firm in charge of dis new development shuld try ,in all measures in place 2 block nefarious activities by cyber mountebanks & scammers.I salute you,regards!

  12. Well,sounds good, but I think we can think of a way by which we can stay in our sitting room and credit our accounts without actually going to make payment in any of dis banks. Just as we can credit our phone line tru ATM means
    ,can’t we also buy like 50k mtn scratch card credit, scratch it send it to our acct and it will be credited.

  13. This is very good development for Nigerians, i hope and pray it works well.

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