Stanbic to service COFC Ipelegeng wages

Pule revealed the new development at the contract signing between COFC and Stanbic Bank Botswana for the payment of Ipelegeng beneficiaries using the Unayo platform last week at Cresta Thapama Hotel. According to the COFC town clerk, the Ipelegeng beneficiaries will be paid their monthly wages through the Unayo banking service under Stanbic Bank Botswana immediately after the contract signing with the financial institution.

In his address, Pule said Unayo is designed for all as it is very much for the unbanked and resonates well with dealing with marginalised people. He further said he was informed that through the functionality of the platform, beneficiaries do not necessarily have to collect their wages a month once off but can leave the rest and collect it at their own convenience. He stated that this would be a great improvement as in the past they were using cash disbursement leaving beneficiaries including old people queuing to get their wages. Pule added: “In this COVID-19 era, people are not allowed to queue around. Therefore, it was a challenge with our old payment method.