agent banking means the conduct by a person of financial institution business on behalf of a financial institution as may be approved by the Central Bank;
agent banking means the business of providing banking services to the customers of the banking institution on behalf of the banking institution under a valid agency agreement.
agent banking means the conduct of banking business on behalf of a financial institution through an agent using various service delivery channels as permitted under these directives;
Examples of agent banking in a sentence
TheCustomer may use the Agent banking services offered by the Bank as per terms outlined at the agent locations.
All Agent banking transactions must be carried out online and the Bank shall not be responsible for any manual transactions.
The Agent banking platform, Point of Sale (POS) devices and any other device (“Devices”) provided to the Agent by the Bank remains the property of the Bank.
Agent banking model is one in which banks provide financial services through non-bank agents such as grocery store, retail outlets, post offices, pharmacies, or lottery outlets.
Agent banking also helps the banks in resource mobilization and broadens their customer base.
More Definitions of agent banking
agent banking means the business carried out by an Agent on behalf of a Commercial Bank as permitted under this guideline.
agent banking means the business of providing banking services through agent’s network.
agent banking means the business of providing banking services to the customers of the banking institution on behalf of the banking institution as prescribed by the Bank;
agent banking means the conduct of banking business on behalf of a financial institution through an agent using various service delivery channels; “agent” means a person engaged in a commercial/business activity and has been contracted by a financial institution to provide the services of the financial institution on its behalf and “bank” means a company licensed by the National Bank to undertake banking business in Ethiopia or a bank owned by the Government; (NBE, Regulation of Mobile and Agent Banking Services Directives No. FIS /01/2012).
agent banking means the provision of banking services by a third-party agent to customers on behalf of a licensed, prudentially-regulated financial institution, such as a bank or other deposit-taking institution.12 In this model, the customer has a direct contractual relationship with a bank. This is sometimes referred to as the ‘bank-based model’;
agent banking means the provision of banking services to customers by an agent on behalf of a bank as approved by the Commissioner;
agent banking means the provision of financial services to customers by an agent on behalf of a banking institution as permitted under these Guidelines. The services are limited to the permissible activities as outlined in paragraph 12.1 of these Guidelines.