Zimbabwe will tomorrow host the Universal Postal Union (UPU) digital financial services and financial inclusion workshop. The workshop hosted by Zimpost brings together 22 member countries in the UPU under one roof at a workshop to discuss issues affecting digital financial services. The three-day workshop was organised by the UPU International Bureau.
Other participants will be drawn from organizations such as the East African Communications Organisation (EACO), Pan African Postal Union (PAPU), Southern African Postal Operators Association (SAPOA), West African Postal Conference (WAPC) and the United Nations Development Programme (UNDP) Office in Harare.
“UPU promotes and disseminates new technologies that facilitate the process of financial inclusion for the unbanked and under-banked through postal networks. As part of the technical assistance programme, the UPU International Bureau has planned the three-day workshop for the designated operators in the region (English Speaking African Countries) to be held in Harare, Zimbabwe,” said Zimpost in a statement.
Zimbabwe, a member of UPU has Zimpost which is running a financial services product called Zipcash.
According to Zimpost, Zipcash has experienced growth since inception due to its cheapest rates on money transfers and the customers see value in transacting with them.
Zimpost with its Zipcash is looking forward to have a 5 percent market share through adding various countries to its mix of international transacting partners among other measures.Internationally, Zimpost is currently transacting with postal administrations in Lesotho, South Africa, Botswana, Kenya, Nigeria and Tanzania.
UPU is a United Nations specialized agency responsible for the Postal sector. It was established in 1874, with its headquarters in the Swiss capital Berne. It has 192 member countries and Zimbabwe is one of the members.
The organization is the primary forum for cooperation between the postal sector players which helps to ensure a truly universal network of up to date products and services. The Union also fulfills an advisory, mediating and liaison role, and provides technical assistance where needed. It sets the rules for international mail exchanges and makes recommendations to stimulate growth in mail, parcel and financial services volumes and improve quality of service for customers.