FCMB Agent banking started two years ago with a revamped solution introduced in May 2017. The Agent Banking consists of a total of 529 agents as at January 2019.

Agent Banking is a simple user friendly and cost effective way of providing secured light banking services such as Cash deposit, Cash withdrawal, Fund transfer, Bills payment, Airtime Recharge etc. to groups of people in a community, employing known and trusted existing retail business outlets in the same community.

It is a cost effective solution designed to provide financial access to the unbanked and underbanked population. The national financial inclusion strategy is aimed at reducing financial exclusion to 20% by the year 2020 and Agent banking is part of the process to help achieve this target.

Agent banking ‘outlets’ act as the locations where the un-banked or under-served persons transact. These outlets are owned by an individual or entity who will offer payment services to the customer and by doing so earn transactional income for the services they offer.

 

We have a total of 529 agents as at January 2019. The following transactions can be carried out at any of our agent locations:

  • Account Opening
  • Instant Card Issuance
  • Cash Deposit
  • Cash Withdrawal
  • Funds Transfer
  • Airtime Recharge
  • Bills Payment etc.

 

Agent Banking Locations  

BVN Enabled Agent Bankers