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 ?
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.
We are hoping to launch our branchless banking platform in June,' Dubai Islamic Bank Pakistan Chief Executive Officer Junaid Ahmed said after signing an agreement with Chinese technology company, Zing Digital Commerce (technology partner of Shanghai F-Road, China), which is deploying the tech-based system at the bank.
In outgoing quarter, a new branchless banking was introduced by JS Bank named JCash which also added more than 30 agents in its network.
The central bank remarked that branchless banking accounts grew 73pc as compared to same duration last year, however, almost all companies struggled with keeping these accounts active.
Amaar Naveed Ikhlas - Head of Branchless Banking Bank Alfalah, and Mr.
The branchless banking system makes provisions for services such as accepting deposits or payments via individual agents, with no need to personally visit local bank branches or ATM sites, among others.
Keywords: Branchless banking, SERVEQUAL model, Factor analysis, Kaiser-Meyer-Olkin measure, Bartlett's test of sphericity.
Like your interviewee Nadeem Hussain in the December issue of Southasia says the biggest challenge that branchless banking faces is lack of awareness.
Earlier, Governor State Bank of Pakistan (SBP) Ashraf Mahmoud Wathra said branchless banking was being encouraged to cater for the rural and underserved areas of the country.