Postbank has announced a partnership with XpressMoney, a move that will see customers of the bank send or receive funds from 170 countries across the world.
Xpress Money’s convenient money transfer services are now available across all 98 branches of the bank in Kenya.
Speaking during the function, Postbank managing director Anne Karanja said the economy is set to benefit from money transfer services, particularly since they directly encourage banking and enhance the velocity of money- fundamental cornerstones of economic activities which contributes over three per cent of the country’s gross domestic product.
She also reaffirmed the banks’ position in striving to provide enhanced financial services, affordable banking services and access to remittances from all over the world to Kenyans.
Speaking about the partnership, Xpress Money CEO, Sudhesh Giriyan said “Kenya is a very important market for us, we have been strategically expanding our footprints across the country to enable convenient money transfer services. 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 plan for robust expansion plan for Kenya.