Long queues outside the South African Post Office (SAPO) pay points will soon be a thing of the past with the help of an electronic voucher system.<\/p>\n
The Postbank and Post Office have jointly developed an electronic voucher payment system for recipients of the Sassa monthly grants and the Covid-19 Special Relief of Distress grant, which amounts to R350.<\/p>\n
The electronic voucher system will enable grant recipients to cash their vouchers at retail outlets.<\/p>\n
Minister of Communications and Digital Technologies, Stella Ndabeni-Abrahams, has emphasised the importance of expediting the digitisation of the banking service to alleviate long queues outside pay points.<\/p>\n
This after she visited a local post office in Mbizana, Eastern Cape, last week and witnessed grant recipients queuing at dawn to receive their special grant payment.<\/p>\n
Last week, Cabinet announced the appointment of non-executive directors of the Postbank and Post Office respectively.<\/p>\n
Ndabeni-Abrahams said these appointments come at time when stability is urgently needed within these institutions.<\/p>\n
The mandate of these institutions is critical, in line with government\u2019s basic services and infrastructure development objectives.<\/p>\n
The Postbank is required to establish a presence with unbanked and under-banked communities to advance financial inclusion. At its core mandate, the Postbank is positioned to be a critical stakeholder in furthering financial inclusion of the financially marginalised.<\/p>\n
The South Africa Post Office is tasked with promoting economic growth though the provision of postal, logistics and retail products and services that are competitively priced.<\/p>\n