Rural Development Bank

The Rural Development Bank is collaborating with Innobanking to establish a chain of micro-branches throughout rural Ghana and Nigeria in order to make a significant contribution to financial inclusion in rural areas. The Rural Development Bank is an online merchant bank with a sophisticated operating platform based within a bonded secure server in the UK and supported by micro-branches complete with ATM. The payment platform provides unparalleled mobile payment and bill paying transaction functions. Imagine a mobile payment platform that has full Internet banking functionality, is linked to a bank (not a telco), is integrated within the national switch, has a chip card so it can be used at any POS Terminal to purchase goods or at any ATM throughout the country. The Rural Development Bank extends service points through Retail POS Agents by utilizing dual SIM POS terminals which improve cash flow for shops by allowing cashless purchases. Marketing POS terminals provides revenue to...