Branch

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Branch

An operation in a foreign country incorporated in the home country.

Branch

1. An office or subsidiary of a company that exists and conducts operations in a country other than the one in which the company is headquartered. See also: MNC.

2. A semi-independent office of a bank. For example, a bank may have five branches in a city where account holders can make deposits and withdrawals and conduct other business at the place most convenient for them.
References in periodicals archive ?
The Pakistan central bank has announced that it has made changes to branchless banking.
About the benefits of this collaboration, she said, this partnership furthers our goals to provide branchless banking services to the unbanked customers.
Zong is the third telecom operator to offer mobile banking services in the country after Mobilink launched its branchless banking solution Mobicash a year and half ago and Telenor started its Easypaisa service.
In Pakistan branchless banking has become a success story and a bench mark for regional and international developing countries.
Rubina Tayyab, Director General of Pakistan Post said "Financial Inclusion is the demand of the modern postal users and Pakistan Post join hands with UBL to provide branchless banking services to the masses across the country".
A branchless banking newsletter released by the central bank stated 'SBP made it mandatory for the banks to conduct Person-to-Person transactions only through the Biometric Verification System (BVS) devices starting July 2017.
With this solution, ZING Digital Commerce aims to gear up Dubai Islamic Bank Pakistan with seamless Branchless Banking platform.
Nine conventional banks and financial institutions are already offering branchless banking services in Pakistan in collaboration with mobile phone services firms and technology companies.
Dubai Islamic Bank (DIB) is to begin branchless banking in Pakistan by June.
The number of branchless banking agents grew to all time high level at 402,710 throughout the country which includes customers care offices of mobile phone companies, franchises of mobile phone companies, pharmacy, mobile accessories shops, groceries and retail stores.
The State Bank report said that mobile wallets or branchless banking accounts in the country reached 23.
A brand envisioned as -Paisa, Bank Alfalah branchless banking offering is aimed to empower more than 6 million people of Azad Jammu and Kashmir and Gilgit-Baltistan through state-of-the-art, convenient, and secure Branchless Banking service.