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CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 - Business - Nairaland

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CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 by Petercious133: 6:30am On Dec 04, 2017
Source:- http://www.exclusivepp.com.ng/cbn-mandates-ifis-increase-agent-network-150000-2020/

The Central Bank of Nigeria (CBN) has mandated Interswitch Financial Inclusion Services (IFIS), a subsidiary of Interswitch Group to grow its agent network to 150,000 by 2020, as it fulfilled all Approval-in-Principle requirements. Trading as Quickteller Paypoint, IFIS aims to increase the availability of digital financial services in financially-excluded locations in Nigeria from 44 percent to over 70 percent in five years. Quickteller Paypoint has now crossed a symbolic milestone by breaking the 10,000 activated agent mark. With this feat, Quickteller Paypoint now has the second largest agent network in Nigeria.

Confirming the license update, Divisional CEO, IFIS, Mike Ogbalu said: “With excitement, we are proud to announce this feat. We are conscious of the fact that work is only just starting. We would not be resting on our oars and remain fully dedicated to our cause and business mandate.
By way of investment in people and technology, we continue to reaffirm our commitment to this ambitious project. We understand the essence of financial inclusion and the impact on national development. With our 10,000 strong agent network, we are well-positioned to serve the nooks and crannies.
“Working closely with governments at various levels and international agencies, IFIS is set to take its services deeper into the rural communities while creating new entrepreneurs and enhancing existing SMEs. “We express genuine appreciation to all of our esteemed agents (10,000 and counting), our valuable partners, stakeholders and the CBN for believing in our vision. We will continue to upgrade our systems and security measures in line with developments in the payments industry.
As a licensed super-agent with a high sense of responsibility and professionalism, we will continue to abide by the regulatory framework.”

Source:- http://www.exclusivepp.com.ng/cbn-mandates-ifis-increase-agent-network-150000-2020/

Re: CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 by BruncleZuma: 7:10am On Dec 04, 2017
This is a welcomed development.
Re: CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 by horia: 7:16am On Dec 04, 2017
First post to hit front page with only one comment.
Re: CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 by kay29000(m): 7:16am On Dec 04, 2017
Hmm
Re: CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 by DoyenExchange: 7:17am On Dec 04, 2017
A welcome development.
Re: CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 by tociano009(m): 7:20am On Dec 04, 2017
Good
Re: CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 by kekakuz(m): 7:24am On Dec 04, 2017
Quick teller is just a super agent yet they have the second highest numbers of agents after PAGA tech who is now claiming to be a payment platform instead of a mobile money operator as indicated on their lincence.
My worry is “ why is CBN interested in the quickteller operations,shouldn’t they be creating a level playing ground for all MMOs especially this that don’t have the backings of a strong service providers like inter switch.

4 Likes

Re: CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 by Austin234(m): 7:56am On Dec 04, 2017
Can this work in the rural areas?
Re: CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 by mfm04622: 8:03am On Dec 04, 2017
Austin234:
Can this work in the rural areas?

It is designed primarily for rural areas
Re: CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 by Austin234(m): 8:05am On Dec 04, 2017
Okay, thanks
mfm04622:


It is designed primarily for rural areas
Re: CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 by Bullhari: 8:15am On Dec 04, 2017
Land for sale.
horia:
First post to hit front page with only one comment.


wtf!!!
.Even without a snake mentioned, or Tonto dike or Otobo or freeze

Land for sale.
Re: CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 by trekkie: 8:41am On Dec 04, 2017
So they want to frustrate more people ba?
Re: CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 by DaudaAbu(m): 9:17am On Dec 04, 2017
Nice one.

Nigerian trail blazers
Re: CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 by All4good: 9:53am On Dec 04, 2017
With increased ease of trade settlement for the rural dwellers it means more employment and economic opportunities for all Nigerians.
For more information on becoming an Agent click this link

www.nairaland.com/4140107/start-very-lucrative-business-n15k
Re: CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 by donqx: 1:40pm On Dec 04, 2017
good
Re: CBN Mandates IFIS To Increase Agent Network To 150,000 By 2020 by kaysy(m): 2:55pm On Dec 04, 2017
Good development

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