Absa Financial institution Ghana has launched its Company Banking proposition, geared toward increasing entry to monetary companies, significantly in peri-urban and rural communities the place conventional banking infrastructure is restricted.
The initiative permits accredited companies and people to function authorised brokers of the financial institution, offering companies comparable to deposits, withdrawals, home transfers and invoice funds, for each Absa prospects and non-customers.
In accordance with the World Financial institution’s International Findex Database, almost 35% of Ghanaian adults have been unbanked as of 2021, with many citing the space to financial institution branches as a serious barrier.
Absa’s mannequin seeks to bridge this hole by partnering with trusted native enterprises.
Kobla Nyaletey, Government Director for Retail and Enterprise Banking, framed the transfer as a strategic one.
“For Absa Financial institution, Company Banking is a strategic extension of our retail presence and a key enabler of inclusive banking. We’re embedding monetary companies inside communities to take away obstacles and convey extra Ghanaians into the formal monetary system.
“This mannequin permits us to satisfy prospects the place they’re, whereas empowering native companies to thrive as banking brokers.”
“We have now designed the Company Banking mannequin with reliability, safety, and neighborhood belief at its core,” added Samuel Offei, Head of Company Banking at Absa Financial institution Ghana.
“Every agent goes by a rigorous accreditation and coaching course of to make sure they’ll ship the identical prime quality of service prospects count on at any Absa financial institution department.” He additionally talked about that agent places will function past conventional banking hours, providing larger flexibility.
Samuel went on to say that every one transactions will likely be processed by Absa’s safe digital platform and can adjust to relevant regulatory requirements to make sure buyer safety.
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.
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