Banking Through Networks of Retail Agents
University of Oxford; Tufts University
affiliation not provided to SSRN
May 1, 2008
CGAP Focus Note, No. 47, May 2008
Technology can enable banks and their customers to interact remotely in a trusted way through existing local retail outlets. Customers can be issued bank cards with appropriate personal identification number (PIN)-based or biometric security features, and the local store - the “banking agent” - can be equipped with a point-of-sale (POS) device controlled by and connected to the bank using a phone line or wireless or satellite technology. Infrastructure requirements can be further reduced by using mobile phones both to hold “virtual cards” for customers and as a POS device at the store.
Number of Pages in PDF File: 24
Keywords: Branchless Banking, Microfinance, Electronic PaymentsAccepted Paper Series
Date posted: August 9, 2010 ; Last revised: August 22, 2010
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