Agency banking services: Which other value can it offer apart from cash in/cash out?

[Kross]

We have agency banking services all over Africa. I don't know if they exist in other parts of the world world. They primarily deal on cash helping people to deposit money and withdraw money all in cash. Do you think agency banking can offer more value beyond just withdrawal and deposit of cash?

 

[Fidelia]

A agency banking business can also do daily savings for artisans. That is within their scope. But they should have credibility first.

 

[Augusta]

Agents can process payments for various bills, such as utilities (electricity, water), cable TV, and other services, making it convenient for customers to manage their expenses.

 

[King Belieal]

Agency banking in my place also offer sales of internet subscription bundles as parts of their services.

 

[Augusta]

You can transfer money using their service. it is to always be sure that you are working with reliable agents

 

[eLdavis]

They also offer fund transfer to same bank or other banks, another service they have and offer is bill payment.

 

[Min George]

I don't know of any other service that agency banking than dispensing cash. People pay bills through their mobile banking apps.

 

[Augusta]

Depending on the specific arrangements, agents may also offer services like balance inquiries, mini-statements, and even some basic loan disbursement.

 

[kit_hung]

I don't know of any other service that agency banking than dispensing cash. People pay bills through their mobile banking apps.

Agent banking services are not limited to providing cash. they also include other services. Individuals can deposit funds into their accounts or repay loans through agents. Balance inquiries and new account opening services are also available. These services are particularly useful in areas lacking bank branches, offering significant convenience to individuals.

 

[Augusta]

They can provide individuals and businesses with the necessary tools and resources to achieve financial stability and success.

 

[Kross]

Agency banking services can actually expand to offer daily savings services to people. I am using one with an agency banking operator around where I live.

 

[King Belieal]

Some of the agency banking services around me stretch to give loans to people. It is very small loans though to business people within same vicinity.