To lighten the financial burden and ease the process for its agents, Quickteller Paypoint offered a substantial 50 percent discount on the CAC registration fees for agents who attended the event. In addition, agents received on-ground support to facilitate their registration. The event also provided a unique opportunity for the Quickteller Paypoint team to engage directly with their agents.
Recall that the Federal Government through the CAC recently mandated all fintech and agency banking companies to register their agents and merchants with the Commission. This is in line with Section 863, Subsection 1 of the Companies and Allied Matters Act, CAMA 2020 as well as the 2013 Central Bank of Nigeria’s guidelines on agent banking.
Titilola Shogaolu, Managing Director, Interswitch Financial Inclusion Services (IFIS), during her presentation, explained that by offering a 50 percent discount on CAC registration, Quickteller Paypoint is not only helping their agents to meet the regulatory requirements but also empowering them to expand their business opportunities and build customers’ trust.
she further opined > "We are mindful that meeting regulatory requirements can sometimes prove daunting for small business owners. This is why we're taking proactive steps to support our agents. As a business which supports the development agenda of the government while also enabling the growth of the financial ecosystem, we understand the importance of regulatory compliance. It is on this premise that we are partnering the CAC and offering our agents 50 per cent discount on registration fees to ease the registration process and ensure the sustenance of their businesses. > We are committed to being an enabler in the financial inclusion sector, helping our agents unlock new opportunities, achieve their business goals and drive financial inclusion. We are excited about the turnout and engagement here today and we believe that by supporting our agents through initiatives like this, we are fostering a stronger and more resilient agent network," Shogaolu remarked.
The event featured educational sessions and saw agents participate in Quickteller Paypoint's promotional offers. Top-performing agents also shared their experiences and success stories, highlighting how the platform has been instrumental in achieving their business goals.
An interactive Q&A session allowed agents to ask questions and get insights and direct responses from Quickteller Paypoint representatives. The forum equally introduced new products and updates, designed to enhance the agents' service offerings and increase their earning potential.
The Quickteller Paypoint Engagement Forum is to be replicated in other cities across Nigeria, Abuja, Enugu, and Rivers. This will enable Quickteller Paypoint to reach more of its agents and engage them on the importance of regulatory compliance, its benefits, and its offerings to enhance their business operations. This initiative marks a significant milestone in the company's ongoing efforts to support and empower its network of agents.
As Quickteller Paypoint continues its regional forums across Nigeria, it remains dedicated to supporting its agents in achieving their business goals and contributing to the broader financial inclusion agenda. The company encourages all its agents to take advantage of the subsidized CAC registration fee and the wealth of information that would be provided at these forums.