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Kenya : PESAPOINT plans to introduce agent network

June 24, 2014

PesaPoint has announced the planning to introduce an expansive agent network including over 12,000 agents countrywide to propose partners consisting of banks, insurance companies, microfinance institutions and mobile money providers a network of high performance agent outlets powered by the Paynet switch.

The network is supposed to work in the same way as its sister, the PesaPoint ATM network.

PesaPoint Agent Network chief executive officer (CEO) Frederik Eijkman commented The agent network will be able provide cash in and cash out services to subscribers of any mobile money service, enable cash withdrawal for debit cards issued by banks in Kenya and at the same time vend airtime, microinsurance, power tokens among other services.

According to PesaPoint, it had allocated investment in an intelligent engine to manage the back-end of the agent network with capacity to back hundreds of products and operations at POS, mPOS and mobile terminals across the country.

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Source: TendersInfo (India)

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