Zain Kenya has signed a partnership agreement with Postal Corporation that will enable its customers to register for the company's ZAP services through postal outlets.
Speaking at the launch the postmaster, retired major general Hussein Ali said that the partnership agreement designate postal corporation as an agent for the ZAP branch where they will accept cash deposits and make payments on behalf of ZAIN Kenya money transfer service customers.
"Under this agency, Postal Corporation will on behalf of Zain Kenya undertake the registration of new zap brand service at various postal outlets and a commission of sh50 per customer," he said.
He went on to say that the corporation will facilitate cash-in and cash-out transaction where it will earn a commission of sh10 and sh15 per transaction.
Zain Kenya Managing Director Rene Meza said that using the ZAP services customers can now deposit or withdraw money from their accounts through Posta offices.
"Customers can now access zap cash transfer services in at least 14 outlets in Nairobi and 800 postal offices countrywide before the end of November" Meza said adding that the corporations strong presence especially in the rural and peri-urban areas was a wise move.
Meza said that more than Sh1 billion has been transferred through the ZAP service since it was launched early this year adding that they were in talks with other financial institutions to increase the penetration of the service in the rural areas.
"Posta outlets will augment the existing 3,000 agents countrywide, a move that is expected to deepen the penetration of the eight month old mobile commerce service.
ZAP customers can now sign for the Zain services by sending an SMS with word zap to 455 after which they will be provided with a vital bank account.
The account will enable them use their mobile phones in as much the same way as debit cards.