Facilitating access: Operate in virtual currencies without a local bank account and access to local payment infrastructure.
Vendor
Tietoevry
Company Website
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.
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.
No in-country physical accounts
There is no necessity to have a traditional, physical bank account specifically established within a particular country.
Reduced cost of transaction processing
A decrease in the overall expenses associated with handling and completing financial transactions.