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presentation is designed and prepared by Arif Hasan Khan
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Group Name: Catalyst1. Md. Arif Hasan Khan2. S. M. Shalahuddin Ahmed3. Md. Aminul Islam 4. Md. Mahfuz Bin Bakhtiar5. Md. Rasheduzzaman6. Md. Meftaul Zinnah7. Md. Hasan Majumdar8. Md. Mahfizur Rahman
presentation is designed and prepared by Arif Hasan Khan
At a glance
Financial Exclusion
Financial Inclusion
Agent Banking
presentation is designed and prepared by Arif Hasan Khan
Financial Exclusion
Financial Exclusion
No Savings
No Insurance
No access to money advice
No affordable credit
No bank account
No assets
presentation is designed and prepared by Arif Hasan Khan
Drivers of Financial Exclusion
• Drivers of financial exclusion Most Frequent: Low income, Nil or Low
savings, Lack of assets, Unemployment, Use of inappropriate products
Less Frequent: Psychological/disability issues, Feeling of being excluded, Indigenous /Ethnic issues, Geographical remoteness, Lack of PC/Internet Access.
• Personal and Social Factors:Cultural norms, Gender, Age, Legal identity.
presentation is designed and prepared by Arif Hasan Khan
Financial Inclusion Definition
“The process of ensuring access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections and low income groups at an affordable cost”
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2 3
Steps of rural development
Enthusiasm
Will
Skills
Implementations
Networking
Modernization
•Threats •Opportunities
• Commitment
•Basics•Programs•Technology
• New Work Cultures
•Cooperation•Purchasing•Production•Marketing•Selling
•Cooperation •Contents•Benefits
Presentation is designed and prepared by Arif Hasan Khan
Mahfuz Bin Bakhtiar
Bearing Id: 0921023
NEXT Presenter
Presentation is designed and prepared by Arif Hasan Khan
presentation is designed and prepared by Arif Hasan Khan
Financial Inclusion – What exists and lacking
Steps Taken
Cooperative Movement
Nationalization of Banks
Lead Bank Scheme
Service Area Approach
What was Lacking
Absence of Modern Technology
Inadequate reach and coverage
Delivery Mechanism
Well defined business model
presentation is designed and prepared by Arif Hasan Khan
Why we are talking of Financial Inclusion Now?
Focus on Inclusive Growth
Banking Technology has arrived
Realization that poor is bankable
presentation is designed and prepared by Arif Hasan Khan
Data Flow Block Diagram of Financial Inclusion
-Account Opening
-Transactions
Data CapturedThrough Laptop
& POS/POT
Service provider
Intermediate Server
Security Equipment
INCB
Server
Activity is performed by BC
- Laptop for A/C opening
- POS/POT for transaction
Service provider’s
(Intermediate server File
converted into format of CB)
Villages
Data is uploaded into CB server and Interest Calculation done centrally and details sent back to POS and interested to the smart card of customer.
presentation is designed and prepared by Arif Hasan Khan
Md. Rasheduzzman
Bearing Id: 0921047
NEXT Presenter
presentation is designed and prepared by Arif Hasan Khan
BASIC CHALLENGES OF FINANCIAL INCLUSION
• Coverage • Access to Diversified Financial Products and
Services• Delivery Model – Day to Day Transactions• Cost-Effective Technology• Customer education/financial advice• Change in banker’s mindset
presentation is designed and prepared by Arif Hasan Khan
Problems / Difficulties
• Scaling up of activities• Appropriate business model yet to evolve• BC model too restrictive • Limitation of cash delivery points• Lack of interest / Involvement of Big
Technology Players
presentation is designed and prepared by Arif Hasan Khan
Mahfizur Rahman
Bearing Id: 0921080
NEXT Presenter
presentation is designed and prepared by Arif Hasan Khan
Precondition for success
• Attitude and will power• Technology • Delivery Mechanism• Support Services
Infrastructure Community development support Product Innovation
Regulatory and Policy Interventions Involvement of all
Especially Development / Administration District / Block Village Level
presentation is designed and prepared by Arif Hasan Khan
PREREQUISITES FOR THE SUCCESS OF FINANCIAL INCLUSION
• Appropriate Technology • Appropriate and Efficient Delivery Model • Mainstream bank’s determination and
involvement • Strong collaboration among banks, technical
service provider.
presentation is designed and prepared by Arif Hasan Khan
Md. Aminul Islam
Bearing Id: 0921021
NEXT Presenter
presentation is designed and prepared by Arif Hasan Khan
• The agent banking model is designed to assist banks to lower their cost of offering banking services that has been a major impediment to inclusion while at the same time improving their earnings as more peoples are offered an opportunity to access financial services.
Agent Banking
presentation is designed and prepared by Arif Hasan Khan
Delivery channels of Agent Banking
POS-enabled bank agent : • This is an agent managed by a bank that uses a payment card to identify customers.
Mobile phone-enabled agent: • This is an agent managed by a bank that uses a cell phone to identify customers.
Mobile wallet: • This is an agent that is often managed by a telecom.
Bank-provided account linked to a mobile wallet:
• This is a bank account that is linked to a mobile wallet.
Our analysis focuses on four types of agent banking delivery channels:
presentation is designed and prepared by Arif Hasan Khan
Who can be an Agent of Agency Banking
pharmacies supermarkets convenience stores lottery outlets
post offices
Banking agents can be
presentation is designed and prepared by Arif Hasan Khan
Agent Selection Criteria
The following issues should be taken into consideration for selecting agents:
•Competence to implement and support the proposed activities
•Financial soundness and cash handling capability;
•Ability to meet commitments under adverse conditions
•Business reputation
•Ability to offer technology based financial services
•Security and internal control, audit coverage, reporting and monitoring capacity
•Loan defaulter or the convicted person can not apply for agency ship
presentation is designed and prepared by Arif Hasan Khan
Md. Meftaul Zinnah
Bearing Id: 0921051
NEXT Presenter
presentation is designed and prepared by Arif Hasan Khan
Transaction process
• Client withdraws money (“cash-out” transaction): agent account is credited in same amount.• Client deposits money (“cash-in” transaction): agent account is debited in same amount.
presentation is designed and prepared by Arif Hasan Khan
Financial services offered by banking agents in various countries:
• Loan Payments• Withdrawals• Execution of collection services• Receiving and forwarding loan requests and financing
requests• Deposits to a customer’s or third party’s account• Opening and closing of simplified bank accounts
presentation is designed and prepared by Arif Hasan Khan
• Payments on goods or services• Purchase of pre-paid debit cards• Balance inquiries• Bank statements• Transfers of funds between parties• Receiving and forwarding credit card applications
Financial services offered by banking agents in various countries:
presentation is designed and prepared by Arif Hasan Khan
Hasan Majumdar
Bearing Id: 0921077
NEXT Presenter
presentation is designed and prepared by Arif Hasan Khan
Models used to manage banking agent networks
Financial Institution
Management Company
Agent Agent Agent Agent
Financial Institution
Agent Agent Agent Agent
Direct Model
Indirect Model
presentation is designed and prepared by Arif Hasan Khan
Challenges & Threats of agent banking in Bangladesh:
• Insufficient volume of transactions• Lack of customer awareness • Infrastructure development and coverage • ICT platforms and sharing arrangements • Pricing and accessibility • Liquidity management • Threat of robbery is high
presentation is designed and prepared by Arif Hasan Khan
• the economy is largely cash-based• The bank charges high fees for this service, adding substantially to the
costs of agents • the volume of transactions conducted through agents remains fairly low• The regulation does not allow banks to acquire new clients through
agents• very difficult to ensure agent banking systems work in the very remote
areas• Agents who are skilled enough to implement the payment system may
also be savvy enough to manipulate it.
Challenges & Threats of agent banking in Bangladesh:
presentation is designed and prepared by Arif Hasan Khan
Md. Shalahuddin Ahmed
Bearing Id: 0921016
NEXT Presenter
presentation is designed and prepared by Arif Hasan Khan
Advantages of Agent Banking
• To achieve growth and equity• Get rid of poverty• To attract global market players to our country• To increase the employment and business
opportunity• To baring more transparency in the system
presentation is designed and prepared by Arif Hasan Khan
Conclusion
• Financial inclusion by agent banking is a win-win situation for the financially excluded, corporates, the govt. and the Banks.
• Bankers can support by financing the agri products including their preservation and sales.
presentation is designed and prepared by Arif Hasan Khan
• Easy to Banking services and products including consumer loans and micro-finance services
• Easy access and spread by agent banking of credit cards, debit cards etc. Bill payments of electricity, utilities etc.
Conclusion
presentation is designed and prepared by Arif Hasan Khan
Md. Arif Hasan Khan
Bearing Id: 0921036
Last Presenter
presentation is designed and prepared by Arif Hasan Khan
Decision
• Bangladesh stands second among South Asian nations in ensuring access to financial services for its citizens, a recent study found.
• Economic growth of a country plays a pivotal role for greater financial inclusion, and it is possible by agent banking in our country.
presentation is designed and prepared by Arif Hasan Khan
• Around 66 percent of the households in Bangladesh now have access to services including credit, savings and insurance from banks or microfinance institutions (MFIs) and cooperatives
Decision
presentation is designed and prepared by Arif Hasan Khan
• So we can say that agent banking can be a new era of Bangladesh for financial inclusive.
• It is a new mechanism for money create and transaction.
presentation is designed and prepared by Arif Hasan Khan
That’s all for the time being
Everybody
presentation is designed and prepared by Arif Hasan Khan