Kenya’s PesaPoint is planning to launch an expansive agent network comprising over 12,000 agents countrywide to offer partners including banks, insurance companies, microfinance institutions and mobile money providers a network of high performance agent outlets powered by the Paynet switch.
The network is expected to work in the same way as its sister, the PesaPoint ATM network.
Speaking during a breakfast briefing the company organised for banks, PesaPoint Agent Network chief executive officer (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, microinsurance, 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.
