PostaPay has introduced a unified mobile payment solution App that will complement other mobile App used by Kenyans for money transactions.
The App which is interoperable with all mobile wallets and banks in the country has already registered over 5,000 users who are successfully enjoying its benefits, and to date, over 21,000 transactions have been done successfully.
The General Manager (MD) Payment Services at Postal Corporation of Kenya Joan Toroitich has urged Kenyans to embrace the new App by downloading it from the playstore or appstore on their mobile phones by using their existing simcard lines.
The MD announced that the App is also a payment solution that aims at supporting the government’s digital agenda by advancing digitization efforts, and called upon government agencies and private sector to consider using the app for revenue collection and payment of government services.
Government agencies can use the platform to collect and disburse funds through the collection account, as well as do multiple activities like payment of salaries to banks, to do dashboard access and reports and reconciliation effectively in real time which is also cost effective.
The General Manager was speaking on Tuesday during the PostaPay Sensitization workshop held at the Ministry of Information, Communications and the Digital Economy Headquarters that was attended by Heads of Department who included the Director of Information, Mr. Joseph Kipkoech, Director of Public Communications Monica Omoro, Director Human Resource Management and Development Juanita Ombima, Director Planning in the State Department of Broadcasting Penewel Nyadienga and senior officers from the ministry.
Toroitich said PostaPay is cost effective and efficient as users will be able to do their money transactions to any network and vice versa at affordable rates of 30 percent to 60 percent while tills any playbills charges at 0.2 percent, as well as have at least five sub wallets for transactions and a standing order for payment of bills.
“The users of this App has a capability of operating at least five sub wallets, for example one can operate a business app, a chama group, for farming among others,” she stated.
“Through the Escrow services account the users will be safeguarded while making payments for purchases, as their money will be held in a suspense account until the purchased item is released,” she stated.
In her remarks, Manager Payment Services Postal Corporation of Kenya, Rysper Cherotich said the money wallets is three categories namely Agency Module wallet for withdrawal and deposit from agents, Merchant Module wallet that will be used for tills and pay bills, disbursement and collection capabilities and the User Module where users will download the app to send and receive money, to pay bills, to buy airtime and to make payments.
“PostaPay is currently recruiting users across the country by creating awareness and sensitization campaign, as well as onboarding merchants and agents who will receiving payments,” said Cherotich.
The Postal Corporation has partnered with a payment Service Provider (PSP) to develop PostaPay.
PostaPay App will help the government to save costs, bring transparency thereby eradicating fraud and misuse of government funds, it will also help in access of critical data on where Kenyans are spending their money for policy formulation and intelligence.
Transactions that can be made through the PostaPay App include Sass pay, Airtel money, M-Pesa, T-Kash, banking in banks, cards, diaspora and other financial services.
PostaPay has plans of creating 200 agents across the country and to onboard 100 dealers as well enable over 100 Kenyan micro and small medium enterprises to receive payment and access business loans digitally.
By Bernadette Khaduli
