Agency banking plays a vital role in financial inclusion, overcoming the limitations of traditional banking by empowering local businesses to serve underserved and remote communities. This whitepaper highlights its significance in bridging last-mile connectivity and fostering an inclusive financial ecosystem. However, current models face challenges. The proposed Agency Banking 2.0 framework outlines solutions to modernize the system and bridge the financial inclusion gap.
So what is agency banking? Read on to find out!