AGENCY BANKING



Over 3 billion people are currently excluded from the financial system (the unbanked and underbanked). Across Africa and many emerging markets, the "Agency Banking" distribution channel has proven to be a very effective mode for the distribution and delivery of banking and other financial services to previously underserved customers. However, the cost of establishing these Agent networks has remained significantly high due to the dependency of hardware based point of sale terminals that are expensive to deploy and maintain.


More than 500 million Individuals across Africa alone with access to a mobile phone device with internet connectivity. GSM Intelligence - 2017. M-vendr's utilises this growing mobile penetration and huge informal sector within emerging markets to provide the ideal solution for Banks, Building Societies and Credit unions alike to rapidly, cost effectively deploy and scale their Agency banking service points via a mobile bases application as an alternative to hardware POS devices.




SIMPLE AGENT MANAGEMENT.

Remotely on-board 1,000's of new Agents, carry out KYC and approve product access in days not months. Configure Agent commissions, credit limits and monitor transactional activity in real-time.

MORE AGENTS, LOWER COST.

The M-vendr mPOS utilises an Agents exsisting mobile device enabling Banks to quickly deploy and scale its Agent network without incurring the high capex cost associated with deploying via hardware POS.

OFFER YOUR CUSTOMERS MORE.

M-vendr's modular solution enables Banks to offer more than ever before at Agent locations, ensuring greater customer engagement and increased competitive advantage over competing Mobile Money services.

CUSTOM BUSINESS RULES.

M-vendr gives you 24/7 control of your Agency banking business requirements, custom business rules enable you to choose what product or services are available to Agents/Merchants, commissions splits and fees.

REAL-TIME REPORTING.

We provide you with a complete business tool, our web-based administartion dashboard gives you secure access to real time reports on all aspects of your mPOS estate. Transactions, revenues, fees and more.

SEAMLESS INTERGRATION.

Our proprietary 3rd Party API Connector enables quicker, seamless intergration to any Banks core banking software e.g ( Temenos, Misys, Sopra) while fully complying with industry best practices and protocols.





TurnkeyModules

Our solution comes, ready to deploy with the following customisable Agency & Transaction Banking modules.

Account Opening & KYC

INSTANT BANK ACCOUNT OPENING & KYC

Traditionaly, customers have found it cumbersome to apply for a new bank account, submit the required documentation for regulatory compliance and having to wait for their account details. M-vendr's solution enables customers to easily apply for bank accounts, submit KYC documentation and instantly recieve their new bank account details through approved Agents utilising the M-vendrPOS™ without the friction caused by paper forms, ID photocopying and postage.


Features

  • Customisable Electronic Forms.
  • Real-time Data Validation.
  • Agent Commission Management.
  • E-Signature & ID Capture.
  • Instant Account Opening & Issuance.
  • Encryption & Secure Data Transmission
Cash Deposits

INCREASE DEPOSIT TAKING CAPABILITIES

Ensuring customers deposits funds is a crucial goal of any financial institution. In largely informal markets, where incomes are small and cash based, this can be a challenge as customers are not always prepared to travel to their nearest branch to deposit cash. M-vendr enables customers to safely deposit money into their bank account at any Bank approved Agent location utilising the M-vendrPOS™ application.


Features

  • Customisable Electronic Forms.
  • Real-time Data Validation.
  • Geo-location Business Rules.
  • E-Signature & ID Capture.
  • Real-time Account Crediting.
  • Encryption & Secure Data Transmission
Cardless Withdrawals

INSTANT ACCESS TO CASH WITHOUT AN ATM OR CARD.

Customers lose or missplace their cards everyday and ATM machines are expensive for Banks to deploy and maintain. With M-vendr's cardless withdrawal SDK embedded in the Banks exsisting mobile banking app, customers do not need to travel to find an ATM or even carry a card. Using their mobile banking app , they can securely withdraw cash at any approved Agent utilising the Banks M-vendrPOS™ within seconds.


Features

  • Secure & Encrypted QR Code System.
  • Turnkey Android & iOS Mobile Banking SDK .
  • Biometric, OTP or PIN Authentication.
  • Agent Float & Commission Management.
  • Real-time Account Debiting.
  • Encryption & Secure Data Transmission

LET'S TALK!

Our solution experts are waiting to hear from you about your requirements and how we may be able to assist.