Importance of agent banking

The aim of agent banking is to provide banking services to people where banking service is yet to reach or where expansion of bank branches is not financially viable. It is a cost-effective alternative for the banks as it takes huge amount of money to open branches and operate them. Already some banks have been operating agent banking and doing a great job.
Through agent banking system, people of remote rural areas now have access to banking services. They are getting remittance conveniently, and can save small deposit, pay utility bills and get government financial help without going to bank branches. However, many people in Bangladesh still remain outside of the banking system. Agent banking can help them have banking facilities available at their doorsteps. So, commercial banks should focus more on agent banking and bring everyone under banking services.
Md. Zonaed Emran,
zonaed.emran@gmail.com