Virtual Branch

Facilitating access: Operate in virtual currencies without a local bank account and access to local payment infrastructure.

Virtual Branch

Virtual Branch supports two different business propositions for the Bank. One is ability for bank’s customers to get access to local payment infrastructure in countries where they don’t have physical account. The other is allowing bank’s customers to operate in virtual currencies without having an in-country bank account.

Sathish Padmanathan

Head of Payments & Cash Management, Tietoevry Banking

Having the capability to use and interact with the payment systems and facilities that are specific to a particular local area or region.

Access to local payment infrastructure

Having the capability to use and interact with the payment systems and facilities that are specific to a particular local area or region.

There is no necessity to have a traditional, physical bank account specifically established within a particular country.

No in-country physical accounts

There is no necessity to have a traditional, physical bank account specifically established within a particular country.

A decrease in the overall expenses associated with handling and completing financial transactions.

Reduced cost of transaction processing

A decrease in the overall expenses associated with handling and completing financial transactions.

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