The South African Post Office (Sapo) CEO Mark Barnes says a new hybrid model that will be used to issue social grants makes economic sense.
The Post Office will be the central holding account for electronic services; be responsible for the onboarding of new beneficiaries, biometric authentication and developing the IT system.
Barnes says this is a step forward.
I think it is such a step forward toward sensible outcomes. Arms of state are now coming together to provide a service of the state.— Mark Barnes, South African Post Office CEO
To me the logic is compelling. The payment of social grants is not a business. It is a service, and so we have got this underutilised infrastructure owned by the state and currently occupied by the post oOffice. Surely, it makes economic, commercial and strategic sense to build that asset rather than to continue with that dependency.— Mark Barnes, South African Post Office CEO
He says he is confident about the service.
I have every confidence that this is a post bank initiative, not a post office initiative The post office is the owner of the infrastructure out of which post bank operates.— Mark Barnes, CEO of the South African Post Office
Click on the link below to find out more about the deal...