National Bank, PesaPoint sign ATM sharing deal
23 April 2015, 11:54
Nairobi – National Bank of Kenya and PesaPoint Limited, an interbank ATM aggregator, have entered into ATM sharing partnership that allows their cardholders to get access to the duo money services across the country.
National Bank MD, Munir Ahmed said the partnership is affordable and convenient since cardholders from other PesaPoint partner companies including 32 banks can now access ATM services from his bank at fair withdrawal costs of between KES 70 and KES 150.
Ahmed added that the partnership is a strategic move to boost the bank’s non-interest revenue particularly after expanding its network across the nation in terms of the brick and mortar footprint, and digital channels.
“Our branches grew in 2014 by 15 totaling to 75, ATM network by 26 to 123 ATMs nationwide. Our customers continue to enjoy access to over 1 000 other ATMs belonging to PesaPoint and its partners around the country,” said Ahmed.
He reiterated that his bank’s continued transformation agenda is meant to strategically leverage on innovation and technology to expand the scope and attain the targeted distribution network.
Read Also: Govt urged to sign deal for duty free flower export
“We are therefore providing Kenyans with faster and convenient transactions 24/7 from our new Mobile Banking (NatMobile) and Internet Banking (Nat Connect) platforms. Our focus remains to deliver innovative channels through which we can efficiently provide services to all customers,” said Ahmed.
PesaPoint CEO, Bernard Mattewman lauded the ATM infrastructure sharing partnership with National Bank, and maintained that customers will enjoy lower ATM fees, save their time due to convenience in using any available ATM machines.
“The PesaPoint network has been working with partners such as National Bank to bring down inter-bank ATM transaction fees for Kenyans. ATMs marked with PesaPoint logo are improving convenience for cardholders by encouraging the use of any ATM regardless of the bank it belongs to,” said Mattewman.
He revealed that PesaPoint’s interconnected network has over 1000 ATMs identified by its logo on other financial institutions’ ATM cards such as NIC Bank, Diamond Trust Bank, Kenya Commercial Bank, CfC Stanbic, Family Bank, Prime Bank, GT Bank.
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!
Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.