EGALITE-Agent Banking Solution

There still are over 2.5 billion people who have not accessed facilities that banks offer, according to an infographic published by The World Bank. With great prospects and sizable returns, Financial Inclusion or as we like to call it, ‘Touching the unbanked’ is the Holy Grail of financial institutions. As things stand, banks in emerging economies are comfortable catering to the burgeoning middle class existing around their established retail infrastructures in urban vicinities. It is perhaps not feasible to establish a traditional brick and mortar banking infrastructure in remote areas delivering products and services consistently for the obvious reason of cost effectiveness. Hence, it is not surprising that banks have not yet responded decisively to the low value
- high volume transactional unbanked population in the remote environs. But the norm is slowly shifting. There is a cost effective solution to this problem and it is known as “Agency Banking”.Egalite being a Agent Banking solution to serve/reach people who have not accessed facilities that bank offer at lowest cost and It is designed to benefit the last layer of the value chain i.e the agent network and the end customer.

Category : Finance

Reviews (13)

Har. B. Aug 25, 2014

Institutions around the world are facing challenges at providing financial services to the unbanked. Egalite is one solution which helps MFI overcome these challenges of enrollment, Collection & Remittance facilities. The application is user friendly & will certainly help scale up the service base.

Dee. B. Nov 12, 2014

Egalite - a very user friendly app with very good 'look and feel' having the capability to help MFI overcome the challenges in there day-to-day banking activities.

Roh. K. Nov 29, 2014

This is a fairly comprehensive app for banking correspondents to manage their client interactions. An ideal product for financial inclusion efforts by different governments.

Adi. S. Sep 6, 2014

It's a nice application for Agent banking for Micro Finanace industry....

Sur. K. P. Nov 2, 2014

Good application for financial inclusion

Pra. L. Aug 19, 2014

Egalite and agency banking go hand in hand :-) it's user friendly easy navigation features makes it undoubtedly a must have app in your mobile..

vin. S. Aug 18, 2014

Customer acquisition for your bank in minutes!! lovely app helpful for all banks, Mfi and cooperative banks who wants to grow business

Pra. K. Aug 18, 2014

Look n feel is great. Navigation is comfortable and loads of information can be captured.

Nag. H. Aug 19, 2014

Nice application for MFI and co-op banks.

avi. r. Aug 18, 2014

Felt really good when I used this app.... Worth trying

Jay. J. Aug 19, 2014

Its a good app and very useful.

nav. k. Aug 18, 2014

Handy app nice ideas hats off

Cha. A. Aug 16, 2014

smart and nice application for agency banking