From just being a buzzword to what has helped people to access financial services anywhere in the country, agency banking on a daily basis has continued to empower more people, making them economically relevant and responsible.
Founder and CEO of E-Settlement Limited, operator and owner of Paycentre, Paypad and Cashenvoy, Olaoluwa Awojoodu has explained how ESL is providing employment opportunities for people through the company’s agency banking platform known as Paycentre and how the company will use it to create over 10,000 jobs for Nigerians before the year end.
Awojoodu said that the company is using the platform to create jobs for Nigerians and getting them out of poverty, adding that certain Nigerians can now afford to send their children to school, pay house rents and all sorts on the basis of working with Paycentre.
Agency banking platform is an agent-led low-cost and effective vehicle to bring a large army of unbanked and under banked rural population into the formal banking ecosystem.
He said that agency banking “is the last-mile banking. As I’m sitting here, we have created jobs for over 40 Nigerians in our office here and the truth is that we have created jobs for over 3,000 Nigerians in different places through our agents.”
Awojoodu was confident that by the end of the year, ESL would have created jobs for over 10,000 people through its agency network.
He pointed that agency banking plays a critical role in the scheme of things, as it does not only include those in the financial space but also providing jobs for them.