How to Pay Cash into YourAccount 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.
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