BoB launches mo­bile bank­ing ser­vices

Business Bhutan - - Nation - Dechen Dolkar

The Bank of Bhutan (BoB) launched its mo­bile bank­ing ser­vices called bank­ing on wheels on Wed­nes­day.

Bank­ing on wheels pro­vides ba­sic bank­ing fa­cil­i­ties from a mo­bile van equipped with com­put­ers and other equip­ment ca­pa­ble of pro­vid­ing bank­ing ser­vices like any branch of the bank.

The mo­bile van will travel to var­i­ous ar­eas in Thim­phu on a fixed weekly sched­ule and pro­vide bank­ing ser­vices to the com­mu­nity in the par­tic­u­lar area.

Ser­vices from bank­ing on wheels in­clude open­ing of bank ac­counts like sav­ing ac­counts, cur­rent ac­counts, ac­cept­ing loan ap­pli­ca­tions, cash de­posit and with­drawal, ac­count bal­ance en­quires and fund trans­fers.

BoB Chief Ex­ec­u­tive Of­fi­cer, Pema N. Nadik it is the coun­try’s first bank­ing on wheels and he is cer­tain that this ini­tia­tive would go a long way to in­crease con­ve­nience to cus­tomers by pro­vid­ing ba­sic bank­ing fa­cil­i­ties at their doorstep, sav­ing both time and money for clients.

“It would ben­e­fit ev­ery­one as they need not go to the bank for daily ba­sic bank­ing trans­ac­tions such as with­drawal or de­posit of cash. The bank will come to them in­stead,” said BoB CEO.

Bank­ing of­fi­cers said man­ning the ve­hi­cle will also be help­ing clients in cre­at­ing aware­ness about the bank’s prod­ucts and ser­vices so that clients have bet­ter un­der­stand­ing of the bank­ing ser­vices.

Bank­ing on wheels is a part of the fi­nan­cial in­clu­sion ini­tia­tive of the bank. Through the ser­vices, the bank hopes to in­crease its reach within cap­i­tal city since it has the largest pop­u­la­tion con­cen­tra­tion in the coun­try. It is the first such ser­vice launched in coun­try by any bank.

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