A financial technology company, Global Accelerex, has launched a revolutionary web-based business solution specially developed for agency banking business called Agency Network Platform (ANP).
According to the firm, this was in support of the Central Bank of Nigeria’s financial inclusion drive, which seeks to include the underserved and unbanked adult population in the financial network.
Speaking in Lagos, Executive Director, Technology and Innovation at Global Accelerex, Stanley Ugochukwu Peters, disclosed that Global Accelerex built the robust platform to serve all stakeholders in the agent banking ecosystem and make their business operations seamless.
He added that the platform is flexible, making it possible to accommodate different agent network business requirements and various delivery models.
Peters, who described the platform as a major revolution in the digital payment space, said the platform was carefully designed to address the challenges agents face daily in their business operations.
“ANP, as it is popularly called, is particularly ideal for super agents who bear the burden of managing sub-agents and thousands of sales agents on the field across the country.
“The platform makes the supervision, administration and management of super agents’ businesses simpler, easier and more convenient.
“In addition, ANP is a secure platform that allows for easy onboarding and relationship management of agents, including proper KYC and due diligence documentation.
He noted that the platform is loaded with unique features that guarantee convenience and seamless conduct of business.
He noted that the Agent Network platform has the unique feature to integrate with different payment channels such as PoS, Mobile App and USSD simultaneously to perform financial operations including pool account operation, cash withdrawals, cash deposits, fund transfers, account opening, bill payment and other related financial services.
“Agents enjoy instant transaction notification via SMS.
“Another distinctive benefit is instant value and same day settlement. This removes all limitations to increased transaction volume, and enables the agent provide service to as many customers as possible, rather than wait till the day after the transaction to get settled.
“It offers the unique opportunity for multiple transactions and digital activities to be performed on the same payment Channel (PoS). This removes the current inconvenience from other platforms of conducting transactions via different channels with different payment providers”, he said.