Agents and Cross Border Issues Group - D How can

Transcript:Agents and Cross Border Issues Group - D How can:
Agents and Cross Border Issues Group - D How can we better manage risks with agents? What should the penalties be? Agent liquidity – what are the issues? How can they be fixed? What is the role of insurance and how can that be a mitigating factor against any of the perceived financial risks? Challenges and opportunities for West Africa and WAMZ Agent re-balancing Ability to forecast the demand and supply of eValue Capitalisation of the business Suggested Fix:- Agent re-balancing model that encompasses other players like: Super agents that purchase ealue in bulk for re-distribution Banks (all financial and non financial institutions including Rural community) Wholesalers/Fuel stations (this provides diversified revenue stream) It was observed that based on the of transactions and the nature of financial products that the agent is advised to take on an insurance policy against burglary, fire, theft by both the internal and external parties. This can be achieved through a tiered KYC regime. The agents should be categorised and the best agents are advised to take up the insurance policy (note this is outside the Telco mandate) Merci Q&A