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Press Briefings

The Alternative Bank and TotalEnergies Launch Branch in a Box Initiative for Financial Inclusion

adminadminMay 7, 2024 5231 Minutes read0
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By Jemimah Wellington, JKNMedia Reporter

IN A notable alliance, The Alternative bank, with TotalEnergies, have launched a partnership aimed at providing essential banking services directly to underserved communities across Nigeria.

This initiative, known as Branch in a Box, will see the establishment of mini-branches within select TotalEnergies stations nationwide, offering increased accessibility and convenience for customers in need of vital financial services.

Recognizing the challenges faced by remote communities with the limited access to traditional banking services, the Branch in a Box initiatives seeks to bridge the gap by leveraging the widespread presence of TotalEnergies stations.

Mohammed Bashir Yunusa, Director of Products & Innovation at The Alternative Bank, hailed the initiative as timely and pioneering solution to the accessibility issues encountered by many in remote areas.

He emphasized the importance of providing convenient banking services within familiar and trusted locations, staffed with knowledgeable customer service personnel to assist customers affectively.

Operating similarly to traditional bank branches, Branch in a Box locations offer a comprehensive range of banking services, including account opening, cash withdrawals and deposits, fund transfers, card services, access to interest-free credit, and more.

The inaugural batch of Branch in a Box location is now operational at TotalEnergies stations in Ojuelegba, Yaba, Fadeyi, Oshodi, and Ojota Lagos, with plans for a nationwide rollout in the coming weeks.

Expressing excitement about the collaboration, Yunusa emphasised the shared commitment of The Alternative Bank and TotalEnergies to promoting financial inclusion and supporting the communities they serve.

Abdulahi Umar, General Manager at TotalEnergies, resonated this gush, highlighting the partnership’s aim to enhance customer service and convenience by providing an intergrated banking experience.

He noted that customers interested in experiencing the future of banking are encouraged to locate a Branch in the Box near them by visiting www.albank.ng.

Yunusa also described The Alternative Bank as a leader in Nigeria’s non-interest banking sector that is dedicated to offering tailored financial solutions that resonate with individuals seeking innovative approaches to wealth advancement and accumulation.

He adds that with the bank’s focus on transparency and empowerment, it continues to lead the ethical banking movement within the industry in Nigeria as it is set to empower individuals to achieve their financial goals and aspirations.

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