Cohort 20 Certified Digital Finance Access Specialist (CDFAS)
Agency banking is a smart, low-cost way to bridge the last-mile gap in financial access turning familiar local shops into trusted service points instead of requiring expensive new bank branches. It builds on the trust communities already have with local retailers. As a teacher with an IS background, I find this model interesting because it shows how existing infrastructure (retail networks) can be repurposed for financial inclusion rather than building entirely new systems from scratch.
Agency Banking, has now become bank in a pocket, financial literacy can now be spread through Agency banking. Rural areas when the big bank cannot access are now fill up with Agent entrusted with the bank gadgets POS and advance Smart phones to carryout fanincial operations. Today it easy to access your funds via Agent that walking distance and traveling kilometers to where the Banks operates. The financial industries are witnesing transformation an increase in volume of transactions now via the agency banking. Multuple networks and businesses are build via the agency banking.
Wirnkar Dian Rosel Simo Cameroon Cohort 8 Certified Digital Finance Access Specialist (CDFAS) From this module I learned that a banking agent can collect earns or savings from individuals to deposit in banks while earning a commission fee. I learned too that the agent must be able to communicate traction history to customers and any issues with them. They also have to get solar panels to rescue situations with no electricity.
Agency banking makes a lot of sense to me because it uses trust that already exists in a community. In my mobile money research in Chalala Township, I found that many people prefer using local agents over traveling to a bank branch because the agent is someone they know and can reach easily. It also means less time and transport cost spent just to access basic financial services. Running my own small business, I have seen how important it is for customers to have a nearby, familiar place to send or receive money. Agency banking builds on that same trust.
Hanif chilimba 🇲🇼 Cohort 33 Certified Digital finance access specialist
Agency banking uses individuals already operation their business as access point for customer to send money and withdrawal physical cash from their mobile value. This create trust as customers are already familiar with the agents and agents enjoy the traffic to boost their own sales and make a commission out of it as well.
Cohort 20
ReplyDeleteCertified Digital Finance Access Specialist (CDFAS)
Agency banking is a smart, low-cost way to bridge the last-mile gap in financial access turning familiar local shops into trusted service points instead of requiring expensive new bank branches. It builds on the trust communities already have with local retailers. As a teacher with an IS background, I find this model interesting because it shows how existing infrastructure (retail networks) can be repurposed for financial inclusion rather than building entirely new systems from scratch.
USMAN ILEANWA FREDRICK
ReplyDeleteCOHORT 20
Agency Banking, has now become bank in a pocket, financial literacy can now be spread through Agency banking. Rural areas when the big bank cannot access are now fill up with Agent entrusted with the bank gadgets POS and advance Smart phones to carryout fanincial operations. Today it easy to access your funds via Agent that walking distance and traveling kilometers to where the Banks operates. The financial industries are witnesing transformation an increase in volume of transactions now via the agency banking. Multuple networks and businesses are build via the agency banking.
we are now in the era of DO IT YOURSELF BANKING
Wirnkar Dian Rosel Simo
ReplyDeleteCameroon
Cohort 8
Certified Digital Finance Access Specialist (CDFAS)
From this module I learned that a banking agent can collect earns or savings from individuals to deposit in banks while earning a commission fee. I learned too that the agent must be able to communicate traction history to customers and any issues with them. They also have to get solar panels to rescue situations with no electricity.
JONATHAN BOTTOMAN
ReplyDeleteMALAWI
COHORT 8
CERTIFIED DIGITAL FINANCE ACCESS SPECIALIST (CDFAS)
A model where commercial banks and mobile money operators contract local third-party businesses to provide financial services on their behalf.
KABAMBA THELMAH
ReplyDeleteZAMBIA
COHORT 27
CERTIFIED DIGITAL FINANCE ACCESS SPECIALIST (CDFAS)
Agency banking makes a lot of sense to me because it uses trust that already exists in a community. In my mobile money research in Chalala Township, I found that many people prefer using local agents over traveling to a bank branch because the agent is someone they know and can reach easily. It also means less time and transport cost spent just to access basic financial services. Running my own small business, I have seen how important it is for customers to have a nearby, familiar place to send or receive money. Agency banking builds on that same trust.
Patience soko Malawi
ReplyDeleteCohort 23
Certified digital finance access specialist
Float refers to the balance of e-money and physical cash an agent must manage carefully to satisfy daily customer demands.
Hanif chilimba 🇲🇼
ReplyDeleteCohort 33
Certified Digital finance access specialist
Agency banking uses individuals already operation their business as access point for customer to send money and withdrawal physical cash from their mobile value.
This create trust as customers are already familiar with the agents and agents enjoy the traffic to boost their own sales and make a commission out of it as well.