Branchless Banking System
Bank touchpoints need to reach rural areas and cash-restricted societies. Branchless Banking System (BBS), also known as “LakuPandai”, extends banking services through agents. Features include:
Agent locator
Agent onboarding
Agent fee management
Agent escrow account & risk management
Transactions (balance inquiry, statement, account transfer, interbank transfer, P2P cash transfer/ remittance, bill payment)
Device can be used on an Android based system and can be connected to a Bluetooth® Printer. It uses GPRS/3G data transmission. Services can be extended to loan disbursement, retribution, virtual account, and cash collection.