NamPost to offer money transfer service

• BY Erasmus Shalihaxwe

THe National posting company, NamPost, has begun offering remit services after the introduction of the PostPay service which allows clients to send money from any NamPost branch to anyone with an MTC Cellphone number.

Through the said PostPay system, the receiver will be notified via SMS to claim money sent to them and the exercise can be done countrywide at any of NamPost’s 133 outlets.

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Speaking during the PostPay system launch, NamPost Chief Executive Officer Festus Hangula said the latest affordable service by NamPost was meant to assist people facing challenges in making transactions with other financial services providers or anybody who would like to make use of the NamPost affordable services.

“The NamPost PostPay product is specifically designed and targeted at individuals who may have limited means and challenges in terms of money transfer, access and affordability,” Hangula said.

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He added the service was designed to take advantage of the countrywide reach of NamPost services and to reach out to communities wherever a post office can be found.

“It allows every Namibian access to affordable money transfer service using any of our Post Offices in Namibia,” he added.

Speaking at the same occasion, NamPost board chairperson Simeon Amunkete, said the company was embarking on a journey to transform into a digitally enabled entity to serve its clients’ evolving needs.

“The rollout of the PostPay money transfer service will not only digitise the existing money transfer services between our 133 branches, but will also give the customer the convenience of being informed via an SMS when the money is remitted to them,” Amunkete explained.

After sending the money, the sender will be notified with an SMS that the money he or she sent has been received by the intended receiver, the transfer will be charge a fee of N$ 7.95 from the center for each transection made.

NamPost this year paid N$ 8 million in dividends to government after recording a slight increase in revenue after securing N$875 million compared to N$861 million in revenue recorded in 2021.