Agency banking

Banks and financial institutions are the hosts that comprise both consumer and agent accounts. These are entities through which the actual cash flow takes place.


Banking agents can also form other agents under them and get an additional commission for every transaction they make. This way, these banking agents will be called super/sub-agents.


Consumers are the end-users of agency banking. These are generally those people who don’t have a bank account but have access to mobile phones or those who reside in remote and underserved areas where there are no brick-and-mortar banks.