Justus Ondari
27 March 2008
Nairobi — The Postal Corporation of Kenya transfers on average Sh400 million a month through its electronic money transfer services.
Postmaster General Fred Odhiambo said the corporation earns a net commission of Sh34 million a month from the service launched in November 2006.
He said the corporation charges between Sh17 and Sh25 for every transfer.
"This is our fastest growing business stream that continues to attract respected and strong brands in the market," Mr Odhiambo said Wednesday, after signing a subscription payment agreement with pay television service, GTV.
On the subscription deal, which started on a pilot basis in November last year, the Postmaster General said GTV customers who pay through the post office have reached 300.
"The numbers are growing fast and, to date, we have collected nearly Sh1.9 million on behalf of GTV," said Mr Odhiambo.
Under the agreement, GTV subscribers will pay their subscriptions through the corporation's 200 PostaPay money transfer service outlets at no extra charge.
GTV Kenya general manager, Kibutha Nduati, said the deal was formed due to the need to provide more payment points for their subscribers.
Mr Nduati said GTV, which launched the country mid last year, is set to unveil four new channels to bring its total channels to 20.
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