Increased Financial Inclusion
Agency banking is a financial inclusion strategy where banks use third-party agents to deliver financial services in remote or underserved areas. This model allows banks to expand their reach without the need for physical branches.
Agency banking involves appointing agents who act as intermediaries between banks and customers. These agents are equipped with technology to perform financial transactions on behalf of the bank, such as account opening, deposits, withdrawals, and bill payments.
Agents typically use mobile banking apps or point-of-sale devices to facilitate transactions, enabling customers in remote areas to access financial services without visiting a physical branch.
Expand your banking services to remote and underserved areas without the need for physical branches.
Reduce operational costs associated with maintaining physical branches.
Provide convenient banking services to customers through accessible agents.
Advanced security measures ensure safe and secure transactions.
AiiNgO works closely with banks and financial institutions to set up and monitor agency banking networks, ensuring compliance and successful operations.
A comprehensive training program is provided to ensure agents understand banking procedures and technology.
Multi-layered security including biometric authentication and transaction limits.
Agents are strategically placed in areas with limited banking access to maximize reach.
Transform your banking services with Aiingo’s expertise in agency banking solutions. Contact us today to learn more.