Agency Banking
VERICASH’s Agency Banking Solution extends banking services beyond branches, enabling financial institutions to reach unbanked and underserved communities.
By empowering agents, merchants, and field representatives, banks can facilitate cash deposits, withdrawals, bill payments, and remittances, ensuring accessibility and financial inclusion while maintaining security and compliance.
Designed for
The Future of Agency Banking
With financial inclusion becoming a global priority, agency banking will continue to play a crucial role in reaching underbanked and unbanked populations. Future trends will focus on AI-powered agent management, biometric authentication, and expanded financial services through agent networks. VERICASH Agency Banking Solution will enable digital onboarding of agents, integrate with mobile wallets, and facilitate micro-lending, ensuring that agents become trusted financial touchpoints for rural and urban communities alike.
Empowering Agents to Deliver Banking Services
VERICASH enables banks to extend financial services through agents, increasing accessibility in remote and underserved areas.
Core Features of Agency Banking on VERICASH Platform
The VERICASH Platform delivers a full-fledged Agency Banking ecosystem that includes agent management, transaction processing, compliance enforcement, and financial analytics.
Agents register via mobile apps, POS, and web, with automated KYC & AML checks ensuring compliance. A tiered structure assigns roles to agents, while automated commission payouts and performance dashboards track efficiency.
Agents handle customer onboarding, KYC verification, deposits, withdrawals, bill payments, and fund transfers. They also process loan repayments, airtime top-ups, and QR/POS merchant payments, expanding financial access.
Agents operate via mobile apps, USSD for offline transactions, POS devices for payments, and a web portal for real-time monitoring and management.
Super Agents oversee networks, Agents provide core banking services, Merchants accept QR/POS payments, and Field Officers ensure compliance.
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Agents top up float via bank accounts, wallets, or cash. Automated alerts prevent low balances, while real-time settlements streamline fund transfers.
AI fraud detection, velocity checks, geo-tracking, and biometric authentication enhance security. Automated compliance monitoring ensures KYC & AML adherence.
Custom commissions, automated payouts, performance incentives, and loyalty rewards encourage agent engagement and higher transaction volumes.
A real-time dashboard, automated reports, reconciliation tools, and transaction heatmaps provide insights for better agent management.
