Vo­da­com launches SA money ser­vice

Lesotho Times - - Business - Retha­bile Pitso

VO­DA­COM Le­sotho (VCL) has part­nered with South African com­pany, Mukuru, in a fa­cil­ity that en­ables Ba­sotho in the neigh­bour­ing coun­try to send money into a lo­cal M-pesa ac­count.

VCL Act­ing Man­ag­ing Di­rec­tor, Johnny Dos Santos, made the an­nounce­ment yes­ter­day dur­ing a me­dia briefing in Maseru which was also at­tended by Mukuru rep­re­sen­ta­tives.

Mr Dos Santos said the in­no­va­tion would pro­vide greater se­cu­rity and con­ve­nience to VCL cus­tomers and Ba­sotho at large and cut the time and cost peo­ple re­mote ar­eas pre­vi­ously in­curred to col­lect funds.

“A lot of Ba­sotho work­ing in South Africa re­mit money home us­ing in­for­mal means such as send­ing through other peo­ple. Such meth­ods are not safe hence our de­ci­sion to part­ner with Mukuru,” he said.

“The pur­pose of the ser­vice is to en­able Ba­sotho to send money from South Africa di­rectly into an M-pesa ac­count in Le­sotho con­ve­niently and in a safe man­ner. At Vo­da­com, we con­tin­u­ally de­velop new prod- ucts to en­sure the fi­nan­cial in­clu­sion of all Ba­sotho.”

On his part, Mukuru Lead Busi­ness De­vel­oper Oliver O’brien said in or­der to send money, a prospec­tive user in South Africa would first need to reg­is­ter with the re­mit­tance com­pany.

“This can be done us­ing a valid proof of iden­tity doc­u­ment. From then on, the sender uses their mo­bile phone to cre­ate an or­der with Mukuru by di­al­ing *130*567# on their mo­bile phone and no air­time is needed,” he said.

“Pay­ment for the or­der can be made at any ma­jor re­tailer such as Lewis, Pick n Pay, Sho­prite, Check­ers, Spar and Pep stores in South Africa. We have about 5 000 of th­ese out­lets al­ready pro­vid­ing the ser­vice.”

Mr O’brien said once pay­ment is re­ceived, the money would be in­stantly trans­ferred to the re­cip­i­ent’s M-pesa ac­count in Le­sotho.

“When a pay­ment is made, a ref­er­ence num­ber will be pro­vided to the payee and as soon as the trans­ac­tion is made, an SMS is sent to the re­cip­i­ent in Le­sotho,” he said.

“The daily trans­fer limit is R3 000, while the monthly limit is R10 000. We can, how­ever, ex­ceed th­ese lim­its if the sender pro­duces proof that their in­come is more than that amount.”

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