The study focuses on 23 major global markets
Here’s how video banking supports financial services amid coronacrisis. Source: shutterstock.com
RBR conducted a report revealing that video banking technology is increasingly being adopted to extend banking services.
According to information, the leverage of video teller machines is increasing since institutions aim to expand customer access and cut costs. This is useful where full-service branches are not an option, owing to either geographical or cost considerations.
In addition to that, the study shows that thanks to video banking, financial institutions can provide teller services at self-service machines that are not available at traditional ATMs.
What is more, video ATMs can offer a level of privacy as well. For instance, Singapore’s DBS Bank deploys VTMs in soundproofed booths, where customers can have their debit cards reissued, among other services.
We’ve reported that SadaPay, Pakistani digital wallet, and Mastercard have announced a partnership to carry out faster and safer domestic and cross-border transactions.
SEE ALSO:
