New Channel for Social Grants Payment – POSOMONEY Option
BotswanaPost’s mobile wallet solution – PosoMoney, has been enlisted as a payment option for the disbursement of Social Grants following the successful approval of the BotswanaPost Mobile Money License application under the Electronic Payment Services Act of 2019 (EPS). The disbursement of funds via PosoMoney will commence on 1st June 2020. As part of the phase 1 roll-out, BotswanaPost has partnered with Choppies as a pay-point through their 94 stores countrywide.
This strategic development serves to, as well, position BotswanaPost as a diversified service aggregator. Although precipitated by the COVID-19 pandemic response and the need to adhere to the social distancing protocols and guidelines, this is expected to significantly reduce queues and bring efficiencies at post offices. PosoMoney is an interoperable solution making it an ideal mobile wallet option accessible to beneficiaries regardless of their preferred mobile network operator.
The Company will continue to explore other ways for strategic collaboration especially with Private business to bring postal services closer to the communities.
Marketing and Communications Unit
Tel: 395 3131