Hurray! You Can Now Deposit Money In Any Bank Which Is Not Your Original 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.

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.”

More gist at http://e-magin.com/hurray-you-can-now-deposit-money-in-any-bank-which-is-not-your-original-bank/