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Prime Bank to set up two more mobile cash service units

The launch  of Prime Bank’s Bank-on-Wheels in March last year. FILE PHOTO | NMG
The launch of Prime Bank’s Bank-on-Wheels in March last year. FILE PHOTO | NMG 

Prime Bank is set to introduce two more mobile banking units for Nairobi’s bulk cash handlers.

The Cash-in-Transit (CIT) service targets retail chains, restaurants and fuel stations easing their cost and burden of handling large amounts of cash that is ferried to their respective banks daily.

The new trucks, which will operate on Mombasa Road and Thika Superhighway, will complement the Waiyaki Way-CBD smart truck launched in March this year which has helped attract cash-rich corporate clients to Prime Bank’s stable.

Speaking in Nairobi yesterday during the Freedom for Girls Charity cocktail in Nairobi, Prime Bank Managing Director Bharat Jani said the Smart trucks will see clients enjoy huge savings from costs spent safeguarding the cash as well as funds spent securing safe passage to their respective banks.

“The ‘Bank-on-Wheels’ is a mini-branch enabling clients to make cheque deposits, account enquiries, receive statement of accounts, directly bank money on the automated Cash Deposit Machine (CDM) that will automatically generate statements confirming bankings as well as allow one to make cash withdrawals,” said the MD.

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Last week, Prime Bank donated Sh1.5 million for purchase of sanitary pads and undergarments for 22,000 girls under a project run by Health Education Africa Resource Team(Heart).

Speaking at the event, US Ambassador Bob Godec hailed Prime Bank’s decade-long commitment to Heart whereby a Sh10.5 million donation had been made to date.

“Several American Foundations and charities have chipped in to sustain the Heart project and it is up to more corporate companies as well as individuals to fund social projects that help uplift livelihoods,” he said.

“Enabling girls get an education not only improves individual families but sees between 15 to 20per cent wealth created for the societies they live in.”

Heart’s Founder-President Dr Vickie Winkler welcomed the sanitary pads project and appealed for extra funds saying lack of sanitary pads makes girls fail to attend classes.

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