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Kenya's Postbank buys Wincor Nixdorf ATMs
November 19, 2007
PADERBORN, Germany - Kenya Post Office Savings Bank (Postbank) is the only savings bank in Kenya and operates a network of 83 branches that serve around 1 million customers, according to Wincor Nixdorf International.
Postbank's mission is "to provide accessible and sustainable banking and other related financial services through innovative delivery systems for wealth creation to the benefit of customers and other stakeholders," the bank says. To that end, Postbank says it's focus is to encourage thrift and mobilize savings.
Postbank has a network of four ATMs operating under the brand name Cash X-Press. The bank plans to increase that number to 20 by the end of the year. And the bank also has increased its branch network. So far six new branches have been opened this year.
With the support of local Wincor Nixdorf partner Technology Associates, Wincor Nixdorf will supply 16 ATMs for Postbank's branches.
Banking Executive SummaryNorth AmericaPublic CompaniesMiddle East & AfricaManufacturersKiosks/Self-ServiceOtherBank / Credit UnionBranch TransformationSoftwareWincor Nixdorf International
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