{"id":37319,"date":"2023-03-16T20:02:43","date_gmt":"2023-03-16T20:02:43","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/fidelity-banks-financial-inclusion-bringing-banking-to-the-underbanked"},"modified":"2023-03-16T20:55:47","modified_gmt":"2023-03-16T20:55:47","slug":"fidelity-banks-financial-inclusion-bringing-banking-to-the-underbanked","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/fidelity-banks-financial-inclusion-bringing-banking-to-the-underbanked","title":{"rendered":"Fidelity Bank\u2019s financial inclusion bringing banking to the underbanked"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Fidelity Bank, the largest privately-owned Ghanaian Bank, says its financial inclusion agenda nationwide has become a game changer, bringing banking to the doorsteps of the unbanked and underbanked.<\/b><\/p>\n

The Bank said it had played an enviable role in overcoming two of the greatest barriers to financial inclusion being physical access and mindset change.<\/p>\n

In a statement issued by the Bank, it said: \u201cThrough Agency networks, Ghanaians could access banking services at community pharmacies, supermarkets, mobile money vendors or newspaper stands.\u201d<\/p>\n

\u201cIn 2022 alone, Fidelity\u2019s Agency Banking service facilitated over 1.7 million transactions which is equivalent to 25% of all transactions across Fidelity\u2019s Branch network over the period,\u201d the Bank said.<\/p>\n

The introduction of the Agency Banking model proved to be a major game-changer for the Bank\u2019s financial inclusion agenda, making it the first to be licensed by the Bank of Ghana to undertake the Agency Banking model in Ghana back in 2013.<\/p>\n

During the initial three-month pilot in 2013, 130,000 accounts were opened with about 100 Fidelity Bank agents.<\/p>\n

Since then, the agency banking model continued to grow exponentially, with over 5,000 agents dotted around the country today.<\/p>\n

The progress made had also been attributed to the introduction of the Inclusive Banking department, the first of its kind in the Ghanaian banking industry.<\/p>\n

It developed specialised products such as the flagship Smart Account, which proved to be a major addition to the Bank\u2019s product portfolio.<\/p>\n

The Smart Account is a minimum-effort \u201cKnow Your Customer\u201d (KYC) requirement account that could be opened within five minutes, making Fidelity the first Bank officially licensed by the Bank of Ghana to offer KYC-lite accounts<\/p>\n

The Statement said: \u201cThe Bank had also partnered with Mobile Network Operators as well as FinTechs to roll-out other specialised products and services for the target audience.\u201d<\/p>\n

The statement said Fidelity Bank had forged a strategic partnership with Ghana Post, connecting Ghanaians across the country to scale up its widespread reach, especially within the regions.<\/p>\n

It said its new Agent Plus points provided an expanded scope of services to enable customers to carry out critical banking services from the comfort of their community Post Offices.<\/p>\n

Currently, there are 19 Agent Plus outlets with many others expected to be progressively onboarded at Post Office locations throughout Ghana.<\/p>\n

There are some at Agogo, Tepa and Offinso in the Ashanti region; Kenyasi and Wenchi in the Bono and Ahafo regions; Agona Swedru, Dunkwa and Winneba in the Central region.<\/p>\n

Some could also be found at Enyinasi, Asankragwa and Sefwi Bekwai in the Western North region; Asamankese, Mpraeso, Begoro and Kibi in the Eastern Region; Kajebi in the Oti region; Aflao and Kpando in the Volta region.<\/p>\n

In Accra, Agent Plus points could be found in Cantonments and Accra New Town.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Fidelity Bank, the largest privately-owned Ghanaian Bank, says its financial inclusion agenda nationwide has become a game changer, bringing banking to the doorsteps of the unbanked and underbanked. The Bank said it had played an enviable role in overcoming two of the greatest barriers to financial inclusion being physical access and mindset […]<\/p>\n","protected":false},"author":84,"featured_media":37318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-37319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nFidelity Bank\u2019s financial inclusion bringing banking to the underbanked - Ghana<\/title>\n<meta name=\"description\" content=\"Fidelity Bank, the largest privately-owned Ghanaian Bank, says its financial inclusion agenda nationwide has become a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/fidelity-banks-financial-inclusion-bringing-banking-to-the-underbanked\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fidelity Bank\u2019s financial inclusion bringing banking to the underbanked\" \/>\n<meta property=\"og:description\" content=\"Fidelity Bank, the largest privately-owned Ghanaian Bank, says its financial inclusion agenda nationwide has become a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/fidelity-banks-financial-inclusion-bringing-banking-to-the-underbanked\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-16T20:02:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-16T20:55:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/03\/postQueueImg_1678978313.09.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"570\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/fidelity-banks-financial-inclusion-bringing-banking-to-the-underbanked#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/fidelity-banks-financial-inclusion-bringing-banking-to-the-underbanked\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Fidelity Bank\u2019s financial inclusion bringing banking to the underbanked\",\"datePublished\":\"2023-03-16T20:02:43+00:00\",\"dateModified\":\"2023-03-16T20:55:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/fidelity-banks-financial-inclusion-bringing-banking-to-the-underbanked\"},\"wordCount\":474,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/fidelity-banks-financial-inclusion-bringing-banking-to-the-underbanked#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/03\/postQueueImg_1678978313.09.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/fidelity-banks-financial-inclusion-bringing-banking-to-the-underbanked#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/fidelity-banks-financial-inclusion-bringing-banking-to-the-underbanked\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/fidelity-banks-financial-inclusion-bringing-banking-to-the-underbanked\",\"name\":\"Fidelity Bank\u2019s financial inclusion bringing banking to the underbanked - 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