Zampost reduces money transfer fees

May 18, 2012

Zambia Postal Services Corporation (Zampost) is making changes that mean it will soon be easier for people to transfer funds.

Zambia Postal Services Corporation (Zampost) is making changes that mean it will soon be easier for people to transfer funds.

The financial institution has announced a 30 percent reduction in transmission fees on all swift cash money transfers, the Times of Zambia reports.

It is hoped this will make it more affordable for customers to move cash to friends and family.

Publics Relations Manager at Zampost Francis Mumba explained the group is also launching a new loyalty card system that will allow those who regularly send money the chance to do so at a discounted price.

He explained the company is currently undergoing a series of changes it hopes will enable it to improve the way it interacts with its clients.

In March, the Alliance for Financial Inclusion Data Working Group held a meeting in Zambia so that members could discuss ongoing initiatives and analyse current financial inclusion indicators in Africa.

This latest development could help to promote financial inclusion in Zambia, as it will give poorer people the opportunity to use the money transfer solution.
ADNFCR-2976-ID-801366486-ADNFCR