BSB Merger Near Completion
Monday, February 10, 2014
This follows the passing by Parliament in December 2013 of the Botswana Postal Service Amendment Bill and approval by Cabinet of a Holding Company, the Botswana Post and Savings Group Limited, under which the merger will operate.
BSB is ramping up its branch network expansion across the country in an effort to proliferate services and accessibility as part of its transformation process into a fully-fledged commercial bank. On the other hand, Botswana Postal Services (BPS) is also expanding its product range to bring services closer to the unbanked and rural clients head of the merger.
That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...