FBNBank Ghana as part of its banking strategy to bring financial services closer to customers has continued to leverage new and evolving technologies to facilitate access to everyday financial services.
The First Bank of Nigeria Limited subsidiary in Ghana is demonstrating passion and commitment to broadening the opportunities and access to financial services for the unbanked and underbanked segment of our society with access to convenient and affordable financial products and services.
The Bank is now scaling up its agent banking project to complement its digital banking channels to increase access for financial services to customers.
The Managing Director of FBNBank Ghana, Victor Yaw Asante announced that its network of agents will present a convenient and comfortable alternative for customers that require simple and easy to use digital channels.
He noted that the bank’s agent banking project will go along with continuous innovation and a roll-out of new and improved electronic ways of carrying out transactions within their communities.
In a world of Covid-19, these enhancements will promote physical distancing and the reduction of physical interactions of people, thereby guarding against the spread of the virus.
Mr. Asante was concerned about the number of Ghanaians who do not have access to financial products and services which hinders the financial inclusion process in the country.
According to the World Bank’s Global Findex Database, Ghanaian adults with a registered financial account improved from 41% in 2014 to 58% in 2017.
Also, in 2017, 54% of women had an account with a formal financial institution, compared to 58% for the general population and 62% of men, implying that there are still many Ghanaian adults who do not have accounts due to lack of access and other reasons.
He believes FBNBank’s agent banking will help increase access to financial services and improve financial inclusion.
The FBNBank Managing Director recounted that agent banking helps individuals as well as families and opens up communities for economic growth.
He also noted that it provides them with the ability to manage their resources and save money enabling them make the right financial decisions in an affordable, simple and secure way.
FBNBank agents are dotted in the Accra-Tema Metropolis to provide opportunities to individuals and businesses.
This enables customers to access appropriate, affordable, and timely financial products and services like account opening, cash deposits, cash withdrawals, and funds transfer, through the agents’ point of sale devices, the bank’s mobile app, and the quick banking hotline.
Latest Stories
-
Ripoti App launched to empower journalists, others to tackle digital rights violations in Africa
7 mins -
Ground-breaking health investment charter to tackle worker shortages in Africa
13 mins -
From Mortuary to Matrimony: Feature on how couple’s love journey brewed at the morgue airs on Joy Prime
27 mins -
Ghana’s LPG prices rank among the highest globally – LPG Marketers Association
34 mins -
Filth Exhibition: Residents near Korle Gonno bear the brunt of nationwide filth
48 mins -
We’ve not selected NPP members as returning officers – EC replies Mahama
1 hour -
We’ll not honour any invitation – ECG tells Ashanti Regional Minister
1 hour -
Dumsor vigil to hit Accra
2 hours -
Supreme Court rule for dual citizens to hold other key positions laudable – Kwaku Asare
2 hours -
‘No one is above the law’ – CAF president on match-fixing allegations against Samuel Eto’o
2 hours -
Manchester City thrash Brighton to go second in table
2 hours -
NDC’s running-mate speech proves readiness to lead – Asah-Asante
3 hours -
Further win for nibima as another KNUST study supports medicinal prowess
3 hours -
World Bank’s food price index eases; maize, wheat prices hit 3-year low
4 hours -
2020 polls all about pulling Ghana back from precipice of destruction, corruption – Naana Jane
4 hours