Description

Agent banking has become globally popular because of its benefits for both the banks and clients, while the country’s economy is also being benefited through financial inclusion. The banks have been able to increase customer volume, improve financial appearance, lower operating costs, expand business, increase deposit collection, improve banks’ branding and widen their spreads through agent banking. On the other hand, it has facilitated customers by providing full-fledged banking services at their doorsteps in remote areas, and it has made remittance channeling convenient and easy. Agent banking have been moving fast across the country since the banks are providing all sorts of efforts to bring the grassroots people under the banking services.