Kenya's PesaPoint to launch expansive agent network

Frederik Eijkman, CEO PesaPoint Agent Network demonstrate the services on PesaPoint Agent network.

The super Agent Network will offer PesaPoint partners (banks, insurance companies, micro finance institutions and mobile money providers) a ready network of high performance agent outlets that will be powered by the Paynet switch.

Speaking during a breakfast briefing the company organised for banks, PesaPoint Agent Network 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, micro insurance, power tokens among other services."

A customer at a PesaPoint Agent Network outlet.

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.

Its agent outlet will also offer its partner banks a branding and advertising infrastructure from which individual partners will announce their services. "We are in the process of re-branding all our agent outlets located at Nakumatt, Tuskys, My Shop and all other locations to ensure that our agent outlets communicate the same values," Eijkman said.