POSB and Powertel Sign MoU for project collaboration

The Peoples Own Saving Bank [POSB] and Powertel Communication, the Information and Communication Technology [ICT] subsidiary of ZESA Holdings signed a memorandum of agreement that seeks to enhance the savings bank’s digital strategy while the bank assists Powertel Communications in accessing foreign currency locally and internationally.

“POSB will offer value-added services such as mobile banking or online bill payment to Powertel Communications, customers, and banking services such as cooperate accounts, cash collections, point-of-sale machines, international payments, export facilitation, receipt of export proceeds, loan scheme arrangements, for staff from time to time”, reads the released statement.

Powertel Communications will be responsible for offering various ICT solutions to POSB and the clients including home internet, cooperate internet, and managed value-added services. POSB clientele stand to benefit from various promotions including discounts and other incentives to the customers using its services during the tenure of this MoU.

Mr Garainashe Changunda said, “ We are excited about this partnership with Powertel Communications.  The collaboration is expected to bring about mutual benefits for both parties involved. As State enterprises, we can lean on each other to achieve cooperate objectives and the country’s vision of attaining an upper-middle-class status by 2030”.

Acting Powertel Communications Managing Director, Mr Willard Nyagwade said,” The partnership will enable the leveraging of the entity strengths and expertise and create innovative solutions that will benefit the customers and the community”.

The collaboration also includes collaboration on customer loyalty programmes to reward customers for using both services, providing additional value and incentives for customers to continue using their services and co-branding of products and services, brand recognition, reputation and boosting two entities.

 Through such collaboration, we can also help the nation to achieve the goals and aspirations of Vision 2030.