The Kenyan government has put forward a plan to have all public sector payments made through the Postal Corporation of Kenya. This was announced at the launch of Posta Pesa, the corporation’s new Sh84 million e-payment platform.
In a bid to keep the postal corporation relevant in an increasingly digital era they are hoping to model the new payment platform on a similar system which is used in Brazil.
Brazil’s Postal Corporation has found new life as a key government revenue stream by handling all government payment systems.
“With such a robust shared infrastructure and CBK’s (Central Bank of Kenya) planned national payment system integration, I believe Posta is best placed to be the umbrella payment gateway that will integrate all payment platforms to allow for inter-operability and boost e-commerce in the region,” said Cabinet Secretary Fred Matiang’i at the event.
Posta’s new e-payment system will enable it to conduct function such as agency banking, mobile phone money transfer agency business, card based transactions, online disbursements, payment of utility bills and e-ticketing.
“KCB, Credit Bank, ABC Bank and Faulu Kenya are already on board. We have also been an agent of utility companies like Kenya Power, Nairobi City Water and Sewerage Company and DStv among others, the Switch will mean more capacity and thus more transaction commissions,” said post master general Enock Kinara.