Post Office launches money transfer system for migrant workers in SA

LYDENBURG – The SA Post Office has launched a state-of-the-art electronic money transfer system for customers in partnership with the Swaziland Postal Administration. It is available from all post office outlets in South Africa and Swaziland, and it allows customers to transfer and receive money across the borders of these two countries.

According to the SA Post Office, this service is available to customers immediately. When a customer makes a money transfer transaction from any of the SA Post Office or Swaziland Postal Administration outlet, information about the transaction is forwarded in real-time allowing the immediate withdrawal of the funds by the recipient.

As an added security the sender may select a secret code of their choice which should be used by the recipient to withdraw the funds.

Ndala Mnisi, group executive of SA Post Office’s retail division, says the current system represents a quantum leap over many industry systems where transactions are forwarded in batches at predetermined times. He adds that he believes this service will address the needs of people sending remittances to families inside the country and to Swaziland.

“Product innovation and pursuit of new income streams forms a significant aspect of the SA Post Office Group’s drive to turn the corner, and this service represents one of the many initiatives that will be introduced to the market soon,” adds Mnisi.

The SA Post Office is confident that the new money transfer service will contribute to economic growth in the SADC region and will also promote the objectives of government’s National Development Plan.