Agency Banking
Agency banking, also known as correspondent banking, is a model where financial institutions partner with local businesses or organisations to act as agents and provide basic banking services to customers. This innovative approach helps expand the reach of financial services, particularly in underserved or remote areas.
These agents serve as intermediaries between customers and the bank, offering services like deposits, withdrawals, money transfers, bill payments, and even account opening, often through digital platforms like mobile wallets
Agency Banking for
Uniphi’s Customers
Improved Accessibility
Uniphi’s customers can manage finances anytime, anywhere, without visiting a branch or ATM.
Convenience and Time Savings
Complete various banking tasks quickly and efficiently using their mobile devices.
Financial Inclusion
Biometric authentication and fraud monitoring safeguard data.
Enhanced Customer Experience
The personal touch and local presence of agent locations can foster stronger relationships
By Integrating
Unphi’s Agency Banking
Uniphi can extend the availability of its digital financial solutions to a wider customer base, improving accessibility, convenience, and financial inclusion, while also optimizing its operational efficiency and profitability.
Use Cases of Agent Banking
- Account Opening & Customer Onboarding
- Cash Deposit & Withdrawal Services
- Bill Payments & Utility Services
- Fund Transfers & Remittances
- Loan Disbursement & Repayment
- Microinsurance Enrollment & Premium Collection
- Mobile Airtime Top-Up & Voucher Sales
- Government Disbursement Programs
- Merchant Payments & Digital Acceptance
- Agriculture & Rural Financing
- Mobile Banking Services for the Unbanked
- Tax Payments
- Education and Awareness Services
- Emergency Financial Services
Launch your next payment innovation.
Let’s talk about your use case and how we can help.