Agency Banking is an alternative retail banking channel that leverages third party service providers (Agents) to extend access, inclusion and reach of financial services to remote areas where brick-and-mortar branches are often expensive to operationalize.
This implies that financial institutions can contract a party referred to as an agent to perform some banking services on their behalf. The changing dynamics and developments cannot allow institutions to stay seated at their premises waiting for customers to travel long distances to make transactions. With Agency Banking, your bank goes to their community and as Mcash we have made this possible by offering safe, efficient and robust technology to banks and such institutions. Our technology has been tried and proven through our different partner, banks and institutions.
On top of this we offer a 360 monitoring, training and guidance required to have the service in place.
Agents can either be sole proprietorships, Partnerships, Limited liability companies, Cooperative Societies, Microfinance Institutions or any other entity which the Central Bank approves to be fit for business. This therefore opens up a door for business owners to increase or grow their income through this new venture.
Our solutions are tailor made to meet the needs of your customers.
Contact us today for an Agency Banking solution that offers holistic approach to support your business with the latest tech developments.