Shared Bank Branch Venture OneBanks has signed a contract with G4S to allow bank customers to pay bills, deposit and withdraw banknotes and coins at its pop-up kiosk. Currently in trial operation in the UK.
Fully manned kiosks are designed to use open banking technology to provide face-to-face banks to communities that no longer have local bank branches.
A fast-assembled pop-up kiosk for startups uses open banking technology from many technology partners, including Endava, Trust Stamp, Nuapay, NCR, and Accenture Business to provide instant access to financial accounts of multiple banks. .. As a shared facility, costs are split among multiple financial institutions.
G4S equips OneBank’s kiosk with Cash 360 Intelligent Safe. This allows customers to pay utility bills and other invoices in cash and receive exchanges in cash.
The OneBanks kiosk is equipped with a touch screen that allows customers who do not have a credit card or other digital payment method to purchase goods and services in cash from online providers such as Amazon, eBay, and ASOS.
The G4S facility will enable OneBanks to offer a more compact, low-cost shared banking system that is better suited for corner shops and convenience stores.
The first format currently being tried in Denny near Falkirk in central Scotland is designed for use in larger supermarkets, shopping malls, and high-yield locations such as railroads and bus stops.
Further trials are planned later this year in three locations, including two in Scotland and one in the United Kingdom.
Duncan Cockburn, CEO of OneBanks, said: Our partnership with G4S takes us one step further and provides more of the day-to-day banking services people need. ”
OneBanks uses G4S for cash and invoice payment services at shared branch kiosks
Source link OneBanks uses G4S for cash and invoice payment services at shared branch kiosks