Everything You Need To Know About Branchless Banking

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Everything You Need To Know About Branchless
Banking
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• Branchless banking has revolutionized the way we
  look at banking today. Through merging
  Information Communication Technology (ICT) and
  Business Process Re-engineering (BPR), we are no
  longer limited to avail banking facilities in
  their brick-and-mortar site, but can do so in the
  comfort of our homes, the nearby shops, etc. This
  shift in the way we fulfill our financial needs
  evolved from our generations hard-pressed
  routines and our lack of time and energy to spend
  on redundant tasks, such as paying utility bills,
  depositing or withdrawing cash, etc.

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• Branchless banking, in its essence, allows

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• An increase in serving points outside the bank so
  as to provide maximum accessibility to the
  customers.

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• Ease in opening an account.

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• Transferring funds to and from the branchless
  banks and their regular account.

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• Transfer of funds by the BB account holder to any
  non-BB account individual

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• Payment of utility bills through the BB account

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• Purchasing goods/services through the BB account.