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.

Super/sub-agents

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

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.