BLS E-Services to expand Business Correspondent network to 60,000 agents

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BLS E-Services to expand Business Correspondent network to 60,000 agents - Business Standard

Quick Summary:

India's Business Correspondent industry is projected to exceed Rs 14,700 crore by FY2025, growing at a CAGR of 19 per cent.With over 13.5 lakh BCs currently active nationwide, BLS e-services aims to cement its position as the most reliable, scalable, and tech-enabled operator in this evolving sector.

Digital service provider firm BLS e-services on Tuesday announced plans to expand its Business Correspondent (BC) network to over 60,000 agents by 2026-27 to expand its reach across rural, semi-urban, and underserved regions in the country.

Currently, BLS e-services, a subsidiary of BLS International, operates a network of over 44,800 active BCs serving more than 23,900 rural/semi-rural PIN codes and 17,600 urban locations.