Changes in customer behaviour coupled with increased churn and a growing demand from customers for safe, secure and remote banking has led to banks embracing a digital banking-based model to grow their businesses.
Agency banking enables traditional and new digital banks to reduce their fixed costs associated with “bricks and mortar” and minimize their infrastructure investments.
It enables them to reduce acquisition costs for new mobile-enabled agents and offer a range of new and innovative solutions delivered through traditional and non-traditional channels.
Merchant applications
Integrated applications for Android Point of Sale terminals, mobile and tablet devices, enable merchants to register as an Agent, download the applications and either self on-board or have the application pushed to their device once approved by the bank.
Cash management
Integrated cash managment applications for Android Point of Sale terminals, mobile and tablet devices enable merchants to register as agents, download the applications and either self on-board or have the application pushed to their device once approved by the bank.
Account opening
Agents can perform account opening for new customers, including e-KYC and customer onboarding. e-KYC thresholds continue to be managed by the bank.
Loan repayment and management
Agents can receive loan repayments. Agents can also process microloans and micro-insurance products on behalf of the Bank.
Remittances
Agents can provide remittance services, including send and receive wallet services for the Bank. Customers can send or receive money through their wallets, including cash in and cash out processing.
Data & analytics
Banks receive a wide range of reporting and analytics on merchants, customers and transactions processed.
Bill payments
Merchant can perform the function of processing bill payments on behalf of the customer. Banks can manage bill payees through an online portal.
Airtime top-up
Merchants can process air-time top-up on behalf of consumers. Back-end integration to mobile operators is through the One-Core documented APIs.
Statements
Merchants can provide customers with mini statements; these can be printed via POS or through a third-party printer.
Cloud-deployed
APIs for 3rd party integration
Highly scalable
Real-time 24 x 7 processing
Highly secure
Multiple applications in a single platform
Rich data, new insights
Your offering, your brand
Scalable and ready to deploy
Device-independent
Management portals
Omni-channel architecture
Youtap Insights
Insights that drive digital transformation
Youtap
28 April, 2022
BaaS and Neobanks
The rise of FinTech has not been an overnight occurrence. Instead, the banking and financial…
One digital financial services platform, multiple white-label solutions deployed in the cloud, with applications for consumer banking, business banking, digital wallet, payments and retail point of sale.
