To further encourage digital banking and overall digital financial transaction, Branch, an electronic financial organisation, has urged all financial services sectors to be committed to complete digital banking transformation in order to reduce significant overheads cost as well as the possibility of banking services reaching places traditional banking has never been.

The platform that delivers high quality fully electronic financial services to Nigerians, Kenyans, Tanzanians and Indians noted that nobody knows exactly how much of the Amazon rainforest has been destroyed due to copious amounts of paper needed to carry out banking operations for centuries. “Banks have traditionally always used a lot of paper.

Transactions were recorded on paper. Account records were maintained on paper. Teller receipts, service request forms, account opening forms and loan applications had to be printed on paper. Multiply this by the estimated 6-Billion bank accounts worldwide and you get the picture. With technology, all of this has been rendered entirely superfluous.”

Branch continued: “With digital financial transactions and delivery people do not need to queue for hours in a banking hall just to send an urgent N2, 000 or put up with a saucy customer service agent when it is time to get a new debit card.”

“The rise in digital banking has also brought about a shift in consumer needs as most customers now demand access to financial services with the most convenience possible. Digital banking has made it possible for individuals to keep track of their accounts anytime, anywhere, from a mobile device. This is why Branch as a player in the burgeoning space fully understands why it is necessary for the financial services sector to be committed to a transformation to digital banking and has taken up the mandate to be the bank of choice that fits into everyone’s lifestyles from the comfort of their homes.”