Banking Goes Mobile…With A Truck

What's Next In Payments®
4:36 PM EDT December 17th, 2012

Diamond Bank Plc, one of the leading commercial banks in Nigeria has launched a first of its kind mobile banking truck in the country in a bid to take banking services to the door step of its existing and potential customers. With the service, customers can open new accounts, pay bills, save money, use ATM as well as make cash/cheque deposits and withdrawals. Dr. Otti, the Group’s Managing Director/CEO describes the mobile truck as “a full-fledged bank in motion”.

Also speaking on the new service, Mr. Steve Obiago, Head Information Technology Operations described it as a moving branch fortified with the latest technology. Obiago who said the initiative was part of the bank’s strategy to drive the Central Bank of Nigeria’s (CBN) cashless policy, added that it could be moved anywhere and customers would be able to use it at any location.

The bank plans to acquire around 250 mobile units to expand the service nationwide, as part of the bank’s plan to serve the country’s unbanked population. With many Nigerians now conducting their banking operations via their phone it remains to be seen whether an alternative mobile banking service can be successful.

Comments
Also by This Author
What's Hot
Alternative Financial Services
Card Payment Company Creates Account Management Tool
B2B Payments
eBill, Payment Company Nets $11M In Funding
B2B Payments
Health Care CFO Pleads Guilty To Defrauding Insurers
News
Is Amazon Quietly Getting Into The Lending Business?
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Alternative Financial Services
Card Payment Company Creates Account Management Tool
B2B Payments
eBill, Payment Company Nets $11M In Funding
B2B Payments
Health Care CFO Pleads Guilty To Defrauding Insurers
News
Who Had An Innovative B2B Summer?
View All Articles ››