Postbank has announced its partnership with Finablr company; Xpress Money, which is a well known global money transfer organisation that has been enabling convenient money transfers for over 19 years and one of the most dependable money transfer brands in the world.
Xpress Money’s convenient money transfer services are now available across all the 98 branches of Postbank in Kenya.
With this service, customers will now be able to send and receive money conveniently in the country via Xpress Money’s global network of 185,000 partner locations in 170 countries.
The Managing Director Of Postbank; Ms Anne Karanja, stated that the Kenyan economy is set to benefit from the money transfer services, particularly since such services directly encourage banking and enhance the velocity of money which are fundamental cornerstones of economic activity and also contribute over 3 percent of the country’s GDP.
The Managing Director, also reaffirmed the bank’s position in striving to provide enhanced financial services, affordable banking services and access to remittances from all over the world to Kenyans while stating that, “We customise our products and services to meet our clients’ specific account management, payments, collections and liquidity management requirements.”
Anne Karanja states further that, “Through the partnership, Kenyans will be able to send money to their loved ones across borders conveniently and reliably with low transfer fees and very competitive exchange rates. Due to our strong network, customers’ money will reach their desired destinations without any struggles or hitches.”
Ms Karanja added that, “By combining our experience and knowledge with an international money transfer organisation like Xpress money, we will see exponential growth in financial inclusion across the country.”
The CEO of Xpress Money; Sudhesh Giriyan while speaking about the partnership said: “Kenya is a very important market for us, we have been strategically expanding our footprint across the country to enable convenient money transfer services for our customers. We understand the importance of remittances in the lives of Kenyans and we shall leave no stone unturned to make money transfers accessible, affordable and convenient. We have a robust expansion plan for Kenya and partnering with a trusted name like PostBank is a part of that framework.”
