Bank account holders in Nigeria can now make cash deposits into any account held at any bank as a result of the extension of the QuickTeller ecosystem by BeyondBranches.
“We are excited to make life easier for bank’s customers,” said Simon Aderinlola, chief operating officer (COO) of BeyondBranches in Nigeria. “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.”
Chief payment and value added services officer of Interswitch Nigeria Titilola Shogaolu said her company is exploring different opportunities to provide solutions that support the cashless society drive of the Central Bank of Nigeria (CBN).
“Interswitch explores different opportunities to provide solutions that support the cashless society drive of the CBN while also delivering a financially included Nigerian population,” she said.
“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.”