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First National Bank Botswana (FNBB) has introduced the first Auto Teller Machines (ATMs) that take cash deposits in the southern Africa nation

The ATM Advance scan cash deposits and allows for the cash to be credited to the holder’s account quickly, FNBB revealed. 

“The deployment of the ATM Advance was a defining moment in the local banking industry, a service which we as FNBB are proud to offer our customers,” said FNBB marketing and communications director, Bomolemo Selaledi.

Botswana has 13 licensed backs with FNBB and Barclays Bank Botswana which is also listed on Botswana Stock Exchange (BSE), according to FNBB.  

The country has an expanding financial sector and the national stock market and BSE is able to operate and regulate the equities and fixed interest securities market, FNBB stated.  

BSE is the third largest stock exchange in terms of market capitalisation in southern Africa, averaging 24 percent aggregate return in the last 10 years, FNBB said.  

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