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Agency Banking - Youtap

Agency Banking Solution

Branchless banking made easy

Agency Banking

Digital Agency Banking

Youtap’s Digital Agency banking solution enables financial institutions (such as a bank) to partner with non-financial businesses or individuals (known as “agents”) to provide banking services to customers. These agents, who may be retail shops, post offices, or other businesses, are trained and authorized to perform certain banking transactions on behalf of the financial institution. This allows customers to access banking services in locations that may not have a physical bank branch. It can also increase financial inclusion by making banking services more accessible to those who may not have been able to use them before.

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Features and Benefits of Youtap's Agency Banking Solution:

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.
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.
Agents can perform account opening for new customers, including e-KYC and customer onboarding. e-KYC thresholds continue to be managed by the bank.
Agents can receive loan repayments. Agents can also process microloans and micro-insurance products on behalf of the Bank.
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.
Banks receive a wide range of reporting and analytics on merchants, customers and transactions processed.
Merchant can perform the function of processing bill payments on behalf of the customer. Banks can manage bill payees through an online portal.
Merchants can process air-time top-up on behalf of consumers. Back-end integration to mobile operators is through the One-Core documented APIs.
Merchants can provide customers with mini statements; these can be printed via POS or through a third-party printer.

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One Digital Financial Services Platform

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.

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Retail POS & Digital Banking - Youtap

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