COMFORT EKELEME
Following its quest to deepen its retail footprint across informal economic sectors of the country, Wema Bank Plc has unveiled agent banking service in Bauchi.
Agent Bank is a cost-effective medium employed by Banks to provide financial access to unbanked, under banked and branch-starved communities.
A statement from the Bank explained that it has recruited four agents within Bauchi to support the ongoing retail push by its recently opened branch in the State.
These agents have so far on boarded over 500 rural farmers and workers within the informal agric sector of the State as well as those residing in neigbhouring cities in the North.
Head, Retail Banking at Wema Bank, Dotun Ifebogun, said Agent Banking offers a cost-effective medium to rapidly expand the Bank’s presence and capture a largely untapped market of those operating in informal business sectors across the country.
“We believe this strategy complements greatly our retail expansion plan and ensures we can target unbanked and branch-starved communities in a quick and cost-effective manner,” Dotun added.
.For a better society
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