“The shop near you could become your neighborhood bank, if the agency banking model launched by Kenya’s Equity Bank takes root.

The model, which has been developed over a period of five years, will engage local shopkeepers as agents for financial transactions.

Equity Bank chief executive James Mwangi said the shopkeepers will be trained and provided with the necessary technology to handle all banking transactions – withdrawals, deposits, loans, account opening and advances, among other things.”

See full story at AllAfrica.com.