BCs Face Low Pay Despite Expanding Banking Services

Imagine banks sending helpers to places where there aren't any bank branches.

These helpers, called Business Correspondents (BCs), help people open bank accounts, deposit money, and more.

They've been very successful in reaching people who don't usually use banks.

However, these helpers often don't earn much money.

They are struggling with low commissions, especially when compared to how much money banks are making.

Some people in the industry are suggesting that banks should share more of their profits with BCs so they can keep providing banking services to everyone, especially in rural areas.