Now you can deposit cash into your account from any bank branch

How to Pay Cash into Your Account at Any
Bank
Jan 7th, 2014 @ 08:07 pm › Deolu
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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