This is the beautiful story of Go Concurrency with the villages of Tanzania. 2G in Africa is not going anywhere any time soon. We serve microfinance banks with limited server resources in remote areas. These banks are successful in the villages of Africa because they provide cheap loans. In Tanzania and Africa by extension, Agency Banking is the best innovation that ever happened to address financial inclusion. In this model, commercial banks contract third party retail networks as bank agents across the villages. Upon successful application, vetting and approval, these agents are authorised to offer select banking services on behalf of the banks. Bank agents are issued with POS Terminals which have the agency banking application installed. Poor internet connectivity, poor electricity connectivity (agents have to travel for long distances to charge their POS Terminals), limited server capacity that just could not allow scalability, expensive internet bundles are the problems that these banks have to overcome in order to achieve their goal of Financial Inclusion.
