, NAIROBI, Kenya, May 21 – The National Bank of Kenya (NBK) has partnered with Kenswitch and Post Bank to enhance its distribution network in the country.
The move will see NBK customers access agency banking services at all Post Bank branches and agents across the country, as well as 1,200 Kenswitch Automated Teller Machines (ATMs).
NBK’s Managing Director Munir Sheikh says the partnership will provide easy and convenient access to unlimited banking services to their customers.
“The deal now takes National Bank cash access points in the region to 70 branches, 1069 agents and 1,317 ATMs,” he said.
NBK customers will access Kenswitch ATMs at a reduced fee of Sh30 as well as make cash deposits and withdrawals of up to Sh3 million, obtain mini statements and make balance inquiries at any of the 99 Post Bank branches and 800 agents countrywide.
Sheikh also said that the bank is looking at increasing its branches to 80 from the current 70 branches by the end of the year.
On his part, Kenswitch Managing Director George Wainaina says the partnership comes at a time when financial institutions are appreciating the need for leveraging on technology to promote financial inclusion to geographical areas that are hard to reach through conventional banking.
“The Kenyan financial sector is undergoing dynamic transformation thus creating the need for alternative delivery channels to promote easy access to financial products and services,” he said.
Wainaina says NBK’s move the number of financial institutions on the Kenswitch network to 36.