Okapi money transfer service is available for domestic transactions. FILE PHOTO | NMG
Sweden-based money transfer company Okapi Finance has formally
entered the Kenyan market after partnering with Guaranty Trust Bank to
offer cash transfer services.
Locals will now send a
maximum of Sh20,000 per transaction and up to five times a day through
the firm’s SWAP service that allows for its customers to send to other
Okapi customers.
Customers can access Okapi’s cash
transfer services through its authorised agents, website and mobile
application after opening an account with the money remittance firm
locally.
The cash transfer company’s customers receive
money through an Okapi merchant agent while premium clients can get cash
through their Okapi accounts or Visa cardholders.
Deposits
or withdrawal from Okapi account can only be done at an authorised
agency after producing valid national identification documents.
Okapi
money transfer service is available for domestic transactions while
plans to enable international transfers are in the pipeline.
The company targets the unbanked for financial inclusion as well
as increase access to financial services at affordable transaction
fees.
Employers can also pay out salaries to employees with Okapi accounts.
“Everyone
should be able to access financial services regardless of where they
live and their status,” said Okapi country manager Patrick Kihara.
“Transparency,
security and compliance with financial regulations are key for our
operations and we believe in building the Okapi network through
partnership with financial institutions and other existing structures.
“Working
in collaboration with Guaranty Trust Bank, Okapi Finance is keen to
address the challenge of costly cash transactions that Kenyans have been
experiencing over the past years, and ensure access to financial
services.”
Okapi customers can also buy insurance
cover from insurers registered with the firm as well as paying premiums
or filing claims.
Approved claims are paid to customers’ Okapi accounts by the insurance companies.
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