Agency banking solution of Parallex bank

Provide financial services to customers on behalf of Parallex Bank in your community. Agency Banking solution of Parallex Bank. The bank is providing convenient and easy access to banking services through partnerships with existing retail outlets as Agents.



Product type

Agency Banking

Project type

Financial Inclusion


  • Financial remunation
  • Transactions and fees are processed real-time
  • Instant settlement of funds to your account
  • Increased customer traffic
  • Provision of value added services
  • Improved status in the community through brand affiliation with the bank

Agent responsibilities

  • Introduce the platform to residents and
    businesses around you
  • Build relationships and facilitate agency building
  • Conduct and facilitate authorized financial
  • Account opening
  • Cash deposits
  • Cash withdrawals
  • Fund transfers
  • Bill payments
  • BVN enrolment

POS Deployment Fee

  • N20,000
  • Activation Fee: N1,000

Who can register?

Registered businesses

The corporates such as Limited liability companies, Sole Proprietorship, Partnerships, Cooperative Societies, Institutions with large retail chain /distribution network. Petrol Filling Stations and Dealers in FMCG.

Unregistered businesses

Individuals, Supermarkets, Retail outlets, Distributors of
mobile network operators, Business centers, Boutiques,
Provision stores, Sport viewing centers, etc.