Sunday, October 25, 2020

Botswana Post launches another inter-postal money transfer corridor

Botswana Post has launched another inter-postal money transfer corridor with postal services in Swaziland and Lesotho. In the first quarter of 2015, Botswana Post launched the same service in South Africa and Zimbabwe, bringing to four the postal options for sending and receiving money.

According to Botswana Post, this latest initiative went live on June 1, 2016, and is meant to bridge and expand the corridor network in the SADC postal entities which aids in easier access for people travelling in the bloc. The initiative is under the Universal Postal Union-enabled International Financial Services (IFS) platform. The IFS is a standalone application that automates the processing and management of international and domestic money orders.

The Botswana Post Head of Strategy and Communications, Lebogang Bok said the inter-postal money transfer corridor means their customers are now able to send and receive money in real time across these two countries post office outlets. She also said at the moment, Botswana Post utilises the IFS mainly for electronic domestic money order services, adding that in the future there will be a surge in the number of clients using this service beyond SADC. 

She also said leveraging on their ICT superiority is part of their “icon of excellence” strategy which ensures superior quality and unparalleled customer experience. “It is for this reason that Botswana Post continues to attract private business partnerships having demonstrated an unquestionable track record in the recent past”.

According to Botswana Post, a customer can send or receive up to P5 000 or P5 000 per transaction, per day at any Post Office in Botswana or South Africa.

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