Branchless Banking definition

Branchless Banking means the delivery of banking services through retail agents, mobile phones and other channels, as outlined in the Branchless Banking Regulations, as an alternative to physical branches and premises.
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Branchless Banking or “BB” means conduct of banking activities as outlined in the BB Regulations by TMB for Account Holder having a Branchless Banking Account. It does not include the information services already being provided to existing Account Holders using channels like, phone, internet, SMS etc;
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Branchless Banking means the delivery of the banking services through the retail agents, mobile phones and other channels outlined in the Branchless Banking Regulations devised by the State Bank of Pakistan as an alternate to the physical branches and premises.
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Examples of Branchless Banking in a sentence

  • GL Account Note: Fees will be applicable on all Branchless Banking Carded Wallet Products.

  • Use of Agents in Branchless Banking for the Poor: Rewards, Risks, and Regulation.

  • Branchless Banking (BB) represents a significantly cheaper alternative to conventional branch-based banking that allows financial institutions and other commercial players to offer financial services outside traditional bank premises by using delivery channels like retail agents, mobile phone etc.

  • The Bank is also offering Branchless Banking Services through agency agreement with Pakistan Mobile Communications Limited (PMCL), a related party, under the Branchless Banking license from the SBP.

  • Regulating Transformational Branchless Banking: Mobile Phones and Other Technology to Increase Access to Finance.

  • GL Account M - Branchless Banking - Agent NetworkTransaction DetailsCharges a.

  • The services offered by the Bank through the Branchless Banking Channels does not constitute an undertaking by the Bank to provide hardware and software to the Customer.

  • To optimize the gains of Branchless Banking and to extend financial services outreach to the unbaked strata of the society without compromising the requirements of AML/CFT, a risk-based approach to customer due diligence is outlined here.

  • The Customer shall take all necessary precautions to prevent unauthorized and illegal use of Branchless Banking Account and unauthorized access to the other Accounts, Debit Cards or any other bank relationship registered for MyABL Wallet App.

  • It is sole discretion of ABL to either accept or reject customer request to link his accounts with Branchless Banking account.


More Definitions of Branchless Banking

Branchless Banking means the provision of banking services or financial services without relying on physical branches;
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Branchless Banking means the delivery of banking services through retail agents, mobile phones and other channels outlined in the Branchless Banking Regulations issued by the SBP, as an alternative to physical branches and premises.
Sample 1Sample 2
Branchless Banking or “BB” means conduct of banking activities as outlined in these Regulations by Authorized Financial Institutions for customers having a branchless banking account. It does not include the information services already being provided by various FI‘s to their existing customers using channels like, phone, internet, SMS etc;
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Branchless Banking or "BB" means conduct of Branchless Banking transactions as outlined by SBP in its Branchless Banking Regulations
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Branchless Banking or “BB” means conduct of banking activities as outlined in these Regulations by Authorized Financial Institutions for customers having a branchless banking account. For the purpose of these Regulations, the terms branchless banking and mobile banking shall be used interchangeably and shall have the same meaning. It does not include the information services already being provided by various FI’s to their existing customers using channels like, phone, internet, SMS etc;
Sample 1
Branchless Banking or “BB” means conduct of banking activities as outlined in these regulations by Authorized Financial Institutions for customers having a branchless banking account. It does not include the information services already being provided by various FI`s to their existing customers using channels like, phone, internet, SMS etc;
Sample 1

Related to Branchless Banking

  • Mobile Banking means the banking services accessible from the Device you have registered with us for Mobile Banking.

  • Digital Banking (a) means our present and future online banking services which can be accessed through 365 Online, Business Online, Bank of Ireland Mobile Banking, and services available on www.bankofireland.com; and

  • Internet Banking means the service we offer by which you can access and transact on a nominated account by using a personal computer and accessing via our website. This includes transactions processed through the mobile banking facility as well as the smartphone app facility.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Online Banking is the internet-based service providing access to your Bank account(s);

  • Telephone Banking means banking services available from time to time by telephone;

  • Mizuho means Mizuho Bank, Ltd.

  • Zurich Banking Day means a day on which banks are open in the City of Zurich for the settlement of payments and of foreign exchange transactions.

  • Mobile Banking Service means the EB Services which we enable you to access via the Mobile Banking App or a web browser designed for use on a Mobile Device; and

  • Barclays Capital is a reference to Barclays Capital, the investment banking division of Barclays Bank PLC;

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed.

  • Relationship Manager means the individual who is appointed by us from time to time and notified to you in writing as your relationship manager in relation to the relevant services provided to you under these Terms and/or provided by our Associate;

  • LCME means Liaison Committee on Medical Education, an organization that accredits educational institutions granting degrees in medicine and surgery. The board approves programs that are accredited by LCME.

  • CCCFA means the Credit Contracts and Consumer Finance Act 2003.

  • Handler means a person who takes title to and is engaged in the operation of packing, cleaning, drying, packaging, sizing, hauling, grading, selling, offering for sale, or marketing a marketable agricultural commodity or an agricultural commodity input in commercial quantities as defined in a marketing program, who as owner, agent, or otherwise, ships or causes an agricultural commodity or agricultural commodity input to be shipped.

  • RFR Banking Day means any day specified as such in the Reference Rate Terms.

  • Parade means a public procession, sometimes including a marching band or float(s) and often of a celebratory nature, held in honor of an anniversary, event, person, cause, etc.

  • Head Office means such office of the Company as the Directors may from time to time determine to be the principal office of the Company;

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • banking institution means a bank, bank and trust company, trust company, savings bank, private bank, or a national banking association, organized and doing business under the provisions of any law of this state, or of any other state of the United States, or under the provisions of any law of the United States of America.

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Covered Bond or, as the case may be, Coupon; and

  • Commercial Services means any waste management service, relating or connected to accumulating, collecting, managing, recycling, sorting, storing, treating, transporting, disposing, buying or selling of waste or any other manner of handling waste excluding services rendered by the municipality;

  • Fortis means Fortis Inc.;

  • Telephone Banking Service or “TBS” means any banking service operated over the telephone (by whatever name it may be known as) offered by the Bank, in connection with the Service Instructions and includes but is not limited to such services respectively known as Self Service Phone Banking and CitiPhone Banking; and

  • ABN AMRO means ABN AMRO Bank N.V.