TSYS Releases White Paper on Branchless Banking
Columbus, Ga., U.S., and Dubai, UAE, 8 April, 2013–TSYS (NYSE: TSS) today announced the publication of a white paper titled “Branchless Banking,” which focuses on the challenges, findings and recommended direction that branchless banking should take in order to build on the financial inclusion opportunities arising in the Middle East, Africa and Pakistan regions.
The paper presents in-depth research and conclusions from two key markets that have implemented branchless banking models. It discusses the benefits for its major stakeholders and the emerging branchless banking relationship models, primarily between telecommunication companies and financial institutions.
Although each regional market is evolving differently, the paper summarizes the underlying issues at interest for the industry. It draws from the most successful elements of existing models to outline best strategies going forward.
“Branchless banking uniquely and powerfully extends financial services to a wide spectrum of the financially excluded, yet also enables a new level of convenience for the banked. The potential for the branchless banking model, if properly executed, can be a key enabler for increasing financial inclusion and improving economic mobility across all market segments,” said Malek Mroueh, senior director, Regional Business Development for the Middle East, Africa and Pakistan regions, TSYS International.
The “Branchless Banking” white paper is available for download at: http://www.tsys.com/branchlessbankingwhitepaper.
At TSYS, (NYSE: TSS), we believe payments should revolve around people–not the other way around. We call this belief “People-Centered PaymentsSM.” By putting people at the center of every decision we make, with unmatched customer service and industry insight, TSYS is able to support financial institutions, businesses and governments in more than 80 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare and more, we make it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience.
TSYS’ headquarters are located in Columbus, Georgia, with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20 international banks, and has been named one of the 2013 World’s Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website, for more please visit us at http://www.tsys.com.
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