BotswanaPost's Money Order Transfer successful

BotswanaPost has to date seen total transactions by value of P16.6million, following the Money Order transfer service launch in 2014. Business Trends has learnt.

BotswanaPost Head of Strategy and Communications, Lebogang Bok said, “of the total, Zimbabwe bound transactions in conformity to our expectations account for just over 93.2 percent, South Africa following second at just below the 6 percent mark and the new entrance occupying at about 0.11 percent of the total activity. On the flipside, the inbound transactions trail continues on a steady increase with South Africa accounting for 83 percent - being just under P1.85million - of incoming money order transfers.”

This positive trend, according to BotswanaPost executive, is proof that the diversification strategy of the business of BotswanaPost is proving effectual with the right level and amount of support.

As the festive season is fast approaching, Bok maintains it is without doubt that BotswanaPost’s projections confidently indicate a significant leap in the performance of the service to the new market entrants – Lesotho and Swaziland outbound.

On the 1st June 2016, BotswanaPost announced the introduction of yet another Money Order Transfer corridor to Lesotho and Swaziland, in addition to the existing RSA and Zimbabwe routes.

“The long-term plan is to now shift our attention to East Africa and North Africa. This, enabled and riding on the backdrop of several Bi-lateral agreements Botswana has established with other Governments, is what President Kenyatta would call “intra-Africa trade”. Significant progress has been made so far and before long we will be at implementation stage,” she added.