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PesaPoint to launch agent network in Kenya

June 23, 2014 • Company News, East Africa

Pesapoint

Frederik Eijkman CEO PesaPoint Agent Network. (Image Source PesaPoint).

PesaPoint, a shared banking infrastructure provider, is determined to continue growing its footprint across Kenya with the launch of its latest agent network – which will compose of over 1200 agents countrywide. The network will offer PesaPoint partners a network of agent outlets that will be powered by the Paynet switch.

Speaking during a breakfast briefing, PesaPoint Agent Network CEO Frederik Eijkman, said: “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, micro insurance, power tokens among other services.”

PesaPoint said it had invested in an intelligent engine to manage the back end of the agent network with capacity to support hundreds of products and operations at POS, mPOS and Mobile terminals across the country.

Its agent outlet will also offer its partner banks a branding and advertising infrastructure from which individual partners will announce their services.  “We are in the process of re-branding all our agent outlets located at Nakumatt, Tuskys, My Shop and all other locations to ensure that our agent outlets communicate the same values,” Mr. Eijkman said.

According to the-star.co.ke, the latest Central Bank data shows that 11 commercial banks had contracted 18,082 agents as at March 31. These have facilitated 48.4 million transactions with a value of Sh250.1 billion.

According to the Communications Commission of Kenya, the number of mobile money transfer agents in the country stood at 93,689 as at December 31, increasing by 14.5 per cent over the previous year.

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