Branchless Banking
Branchless banking has the means to penetrate undeserved areas, increasing the access to,and availability of, financial products and services without having to invest in ‘bricks and mortar’ bank branch infrastructure. It allows humans to act as ATMs, delivering financial services using devices such as laptops,ipads or mobile phones to process real-time transactions.These agents/bank can offer banking services such as registering customers,taking deposits, dispensing withdrawals, funding transfers, processing payments.
Bank can either outsource the product service to a third party agent or bank itself can nominate few staff who can travel to the remote areas to service the customers.This is enable the remote customers to use the benefits of banking and helps the banks to build the customer base.
Key Offerings
Customer Opening
Account Opening
Cash Deposit
Cash Withdrawal
Funds Transfer
Utility Payments
Push Notification Alerts
Push Notification, also called as server push notification, is the delivery of specific information from the Core Banking Application to the customer’s devices like Smartphone, iPad, Tablet etc.
Notification can be classified as,
Financial Notifications
Non Financial Notifications
Key Features
Cost - effective
One time registration
Cross platform delivery
High user engagement
Quick message composition