[Kenya] Postbank partners with Xpress Money to deepen digital money transfers

Postbank has announced its partnership with global money transfer service Xpress Money. XPress Money’s convenient money transfer services are now available across all 98 branches of the bank in Kenya. With this service, customers can send and receive money conveniently in the country by virtue of Xpress Money’s global network of 185,000 partner locations in 170 countries.
Xpress Money, a Finablr company, is a well- known global money transfer organisation that has been enabling convenient money transfers for over 19 years.
Postbank Managing Director Ms Anne Karanja noted that the economy is set to benefit from money transfer services, particularly since such services directly encourage banking and enhance the velocity of money; fundamental cornerstones of economic activity and contributes over 3 percent of the country’s GDP.
Ms Karanja 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.
“We customise our products and services to meet our clients’ specific account management, payments, collections and liquidity management requirements,” she said.
“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,” said Ms Karanja.
She added: “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.”
Speaking about the partnership, Xpress Money CEO Sudhesh Giriyan 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.”
www.xpressmoney.com