Now You Can Pay Cash Into Your Account At Any Bank In Nigeria
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.
Simon Aderinlola, chief operating officer of
BeyondBranches in Nigeria, said: “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.”
Mrs Titilola Shogaolu, Chief Payment and Value
Added Services Officer of Interswitch Nigeria
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.”
Gregory Ubigen, chief executive officer of
BeyondBranches International said: “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.”
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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