National Bank, Posta sign agency deal
National Bank managing director Munir Ahmed (right) with Posta Corporation of Kenya Postmaster-General Enock Kinara on November 4, 2014 after signing of agreements where bank customers will use the Posta outlets countrywide. PHOTO | DIANA NGILA |
What you need to know:
- National Bank said the arrangement was designed to widen its distribution network across the country.
- All of the Postal Corporation of Kenya’s 470 outlets in the country will be like the bank’s branches.
National Bank customers can now receive banking services at Postal Corporation of Kenya outlets.
They can make cash deposits and withdrawals of up to Sh1 million, obtain mini statements, make balance inquiries, pay school fees and utility bills among other services.
The bank said on Tuesday this was designed to widen its distribution network across the country.
All of the Postal Corporation of Kenya’s 470 outlets in the country will be like the bank’s branches.
“We will take our relationship with Postal a notch higher to offer financial services to most Kenyans through the partnership we have signed today” Mr Munir Ahmed National Bank chief executive said.
The corporation recently purchased an e-payments platform at Sh89 million to diversify its revenue source.
“Electronic payment has seen Postal services grow in great strides all over the world and Posta Kenya has not been left behind,” postmaster-general Enock Kinara said.
