BotswanaPost has recently launched a mobile wallet service called PosoMoney, which enables customers to deposit, cash, or withdraw money from any Post Office across the country.
Any mobile network customer Orange, BeMobile or Mascom can access PosoMoney, either through the sim skin, which is available at any post office across the country, or download PosoMoney application on Google Play.
PosoMoney allows customers to perform a host of different transactions such as depositing cash into a PosoMoney account through any authorised PosoMoney Agent.
One can also withdraw cash from any authorised PosoMoney Merchant or PosoMoney Agent, even send money from their mobile number to any number conveniently across all networks or receive money from another customer.
The service also allows for the payment of utility bills, purchase of goods from PosoMoney Merchants, top up airtime for your number or any other number on any mobile network as well as purchase prepaid electricity for any meter number.
Speaking during the launch, the CEO, Cornelius Ramatlhakwane said that this is a deliberate move done by BotswanaPost in an effort to provide financial services for Batswana
He said PosoMoney leverages technology to address the financial inclusion challenges faced by the unbanked and the under banked.
“Customer registration for this revolutionary service is hassle-free as all that is required is a valid identity documentation, mobile phone and an active sim card.
All registration is done at any Post Office,” he said.Ramatlhakwane further said PosoMoney also provides a business opportunity to potential and established entrepreneurs by going into a partnership with BotswanaPost to become PosoMoney Merchants and PosoMoney Agents.
“We intend to leverage on this and build a strong SMME market by extending most if not all post office services through mobile technology platforms, targeting the low-end market especially,” Ramatlhakwane said. Meanwhile, Botswana Post recently successfully piloted about 10 post office kiosks at Sefalana shops across the country through their strategic collaboration. This smart and growing partnership has improved service access for locals using Sefalana stores in targeted villages.