logoBC
Yaoundé - 25 April 2024 -
Bank

Afriland First Bank introduces automated deposit terminals

Afriland First Bank introduces automated deposit terminals
  • Comments   -   Monday, 14 September 2020 10:49

(Business in Cameroon) - Afriland First Bank recently introduced automated deposit terminals in Cameroon. According to the bank, instead of queuing before a traditional teller for their cash deposit, clients can now perform this operation via the deposit terminal.

All they need to do it to sort their deposits into notes of XAF5,000 and XAF10,000 and follow the terminal instructions. The terminal will require them to provide some information like the name of the paying party, the origin of the funds (savings, salaries, and others), name of the depositor, the sum to be deposited into the stated account, etc…  Once the terminal has validated the transaction, the user will receive a receipt proving that the deposit is successful.

While some people think that these machines are prejudicial to the bank teller job, Afriland First Bank believes it will save time and shorten the long queues before tellers.

S.A.

cameroon-s-red-cocoa-nears-labeling-as-oapi-awaits-coloration-analysis
The Cameroon red cocoa, listed in 2019 as a product eligible for geographical indication (GI), has progressed towards labeling by the African Intellectual...
cameroon-poultry-expo-revives-focus-on-industry-transformation
The 2024 edition of the Yaoundé International Poultry Exhibition (Savi) kicked off on April 23 at the Congress Palace. The event organized by the Cameroon...
beac-s-bond-auction-meets-success-in-inflation-combat-efforts
On April 22, the Central African Central Bank (Beac) concluded a successful 14-week bond issuance worth CFA50 billion. This move, offering a 2.5% interest...
cameroun-delays-bond-sale-amid-regional-market-strain
The Cameroon government has postponed its planned 2024 bond sale, originally slated for April, due to market saturation caused by Gabon and the Central...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »