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Author Topic: How to start your own agency banking service business Penetrating Rural Communit  (Read 386 times)
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« on: November 07, 2017, 02:04:37 AM »

HOW TO START AN AGENCY BANKING BUSINESS PAYCENTRE BUSINESS PLAN/TRAINING
More and more banks are realizing this and are moving away from opening new bank branches. They are opting for agent banking to reach their under banked and unbanked customers. Agent banking is a rising trend as illustrated by recent data from the Central Bank of Nigeria.
Since banks have invested a lot in building their infrastructure and operations, changing their business model to incorporate agent banking is quite complex. They have to set up an agent banking network that allows their agents to provide financial services on their behalf outside their traditional bank branches.
If you are planning to start an agency banking business and have no idea where to start. Learning the basic will give you clarity as to where to source technology, where to start, how to manage, and other risk factors involved in starting and running an agency banking business in Nigeria.
AGENCY BANKING SERVICES AND COMMISSION
•   Transfers (All Banks) YOU make N 150 per transaction guaranteed
•   Cash deposit (All Banks) YOU make N 150 per transaction guaranteed
•   Cash withdrawal (All Banks) YOU make N 150 per transaction guaranteed
•   Recharge Cards printing (MTN 3%, Etisalat 3.5%, Airtel 4%, Glo 6%)
•   Loan repayments
•   Bulk SMS 10% commission
•   Data bundles (MTN 3% , Etisalat 4.5%, Airtel 4%,Glo 4%,Smiles 3%, Spectranet 4%)
•   Bill payment (Dstv 2%, Gotv 2%,  Tstv 2%,  Phcn 2%,  Startimes 2%,Etc.)
•   Prepaid voucher sale (WAEC 6%)

LOCATION
The Pay Centre should be located in rural areas giving the community opportunity to enjoy financial services without the risk and stress of walking kilometers in order to visit a bank branch, especially areas neighbors spend between N200-N500 to get to the nearest Bank/ATM. The advantages of this site are listed below and should be evaluated accordingly when investments for site developments (or improvements) are being considered.
LOCATION ADVANTAGE
•   Visibility of this site is considered good.
•   Competition at and around this location is low.
•   Quantity of competition is classified as limited.
•   Accessibility to location is good.
•   Traffic count potential (during rush hour traffic) at this location is considered good.
•   Demographics at this location are excellent.
•   Growth of area around this site is fair.
TRAINING
Training Duration: 2DAYS
Monday o Saturday
Time: 8am -2pm
COURSE OBJECTIVES:  Following the course you will be able to:
•   Understand the environmental conditions required for Agency Banking
•   Appreciate the disruptive  of Mobile Money in banking markets
•   Analyze the limitations of Agency Banking versus traditional banking
•   Appreciate the benefits to bank clients of Agency Banking
KEY TOPICS
•   Strategic role of Mobile Money and Agency Banking in Financial Inclusion
•   Does Agency banking equate to Mobile Banking?
•   What is Agency Banking and how is it changing the Financial Services landscape?
•   Applications of Mobile Money: electronic wallets and payment services
•   Know Your Client (KYC) requirements in Mobile Money applications
•   What does a sustainable Agency Banking business model look like?
•   Risk management of Mobile Money and Agency Banking applications
Live demonstration: Agent interface and features
• Live demonstration: Moving money from one account to another
• Live demonstration: Withdrawing money
• Live demonstration: Agent pay out
• Live demonstration: Recharge card selling and activation (ePin and Scratch cards)
• Live demonstration: How agents make money per transaction
For each of our training methods, we have a suite of accompanying training materials which are developed to explain the concepts of the technology, as well as the best current operational practices in the industry.

PRICE N 8, 000 per participant and includes all training material
YOU GET A COPY OF OUR AGENCY BANKING IN NIGERIA BUSINESS PLAN (HARD COPY)

If you are outside Lagos and wish to have a copy the soft copy is available for just N6, 000
PAYMENT METHOD
Bank Deposit
Fund Transfer
ATM cash Transfer

This payment method requires the customer to deposit, Electronic Fund Transfer or  ATM cash Transfer directly from his/her account into FBS PayCentre bank accounts
The manual e-copy in PDF format will be sent to your immediately as soon as your transaction reflects in our account. Our bank details are as follows:

ZENITH BANK
Account Name: Farm Business Setup Ventures
Account Number: 1014352341

After placing your order, SMS your payment information
(AgencyBanking, your full account name, mobile number, and your e-mail address)
E.g. AgencyBanking, Kayode Nassir Emeka,08036320607,mymail@yahoo.com

To 08036320607 once I confirm your payment. The manual will be sent to you immediately! By e-mail Trust us 100% to do that.


Instant Help Desk
Mobile: 08036320607
WhatsApp: 08036320607

ADDRESS
FBS PayCentre
122 Adiyan Orudu road,Transformer Bus stop
 Agbado station Lagos
Call for direction 08036320607
www.agencybankingbizsetup.com
Agent banking can take place nearly anywhere


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« Last Edit: December 02, 2017, 05:12:28 AM by moderator1 » Logged

moderator1
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« Reply #1 on: November 28, 2017, 02:05:49 AM »

Investment
Daily operating capital for agents is being estimated at a minimum of about N100, 000 to N200, 000. “The agent might not make a lot of improvements at their shop, but they will need to put money aside to invest in the agent banking business. It is N100, 000 to N200, 000 for them to have a solid business operation because as soon as you become an agent, customers will learn about it and the bank will support marketing activities towards the agents. When customers come to you, they expect to find money.

Daily profit
That depends on your store location
50 transaction per day (or more) =N7, 500 @N150 profit per transaction (CASH WITHDRAWAL AND DEPOSIT ONLY)

PLUS Commission from
PHCN BILLS ,DSTV
GOTV STARTIMES
WAEC PIN DATA BUNDLE
RECHARGE CARDS
BULK SMS

visit www.agencybankingbizsetup.com
to book in for A TWO DAYS practical training
. Live demonstration: Agent interface and features
• Live demonstration: Moving money from one account to another
• Live demonstration: Withdrawing money
• Live demonstration: Agent pay out
• Live demonstration: Recharge card selling and activation (ePin and Scratch cards)
• Live demonstration: How agents make money per transaction
.
Training Days Monday – Saturday
Time: 8am -2pm
ADDRESS
FBS PayCentre
122 Adiyan road,Transformer Bus stop
Agbado station
08036320607
« Last Edit: December 02, 2017, 05:13:15 AM by moderator1 » Logged

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