Field Report: Globokas, a multi-bank agent network
Globokas is a multi-bank agent network in Peru. The ten year old company has 600 employees and boasts a network of 6000 agents, strategically placed in areas where penetration of financial services are low.
The goal is to build the banking infrastructure of the last mile. 18 Peruvian banks are connected to the service, allowing end-user to access his bank account at any one of the 18 institutions, by visiting a Globokas agent.
The partnership with TagPay enables faster, safer, cheaper transactions for the banks, the agents and the clients. The TagPay platform manages transactions in real time, and more economical android devices will come to replace the legacy POS devices of the agents. As Globokas CEO, Juan José Marthan sees it, "we are inevitably walking towards a better technology, a cheaper technology, and a technology that allows us a better performance in terms of financial inclusion."