Branchless Banking

byPaytm Editorial TeamLast Updated: September 10, 2025

Definition

Branchless Banking means providing banking services without a physical branch. It uses technology like mobile banking, ATMs, and agents.

Advantages

  • Saves time and travel.
  • Helpful in rural areas where branches are limited.

Example

Using your phone to check balance or transfer money is branchless banking.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

Mobile Wallet KYCLast Updated: August 12, 2025

Definition Mobile Wallet KYC is the process of verifying a user’s identity to comply with RBI guidelines for…

UPI End-to-End EncryptionLast Updated: December 29, 2025

Meaning UPI End-to-End Encryption ensures that transaction data is secured throughout its journey from sender to receiver. Benefit…

RERALast Updated: November 14, 2025

Full Form & Meaning Full form: Real Estate (Regulation and Development) Act. RERA was introduced in 2016 to…

Bear MarketLast Updated: December 12, 2025

Meaning A Bear Market is a market condition where prices keep falling for a long period. Definition It…

UPI Dispute ResolutionLast Updated: October 21, 2025

Meaning UPI Dispute Resolution is the process of resolving disagreements between a payer and merchant regarding a transaction.…