SA Post Office CEO Mark Barnes says they are ready to take over the cash payments to grant beneficiaries when the current contract with Cash Paymaster Services ends in September.
He says their staff have been hard at work trying to get everything ready, including the swapping of old Sassa cards to new ones.
He says they are aiming to swap 80 000 cards a day but currently doing 75 000 a day, meaning they are almost reaching their target.
We started slowly, in the beginning it took us about 31 minutes to on board a beneficiary, to verify their details and so on, we now down to three minutes.— Mark Barnes, SA Post Office CEO
Everyone has a better understanding of where the pay points are....— Mark Barnes, SA Post Office CEO
Barnes says there are about 80 000 people who are in remote areas, who dont have access to a post office. Those will be catered for through cash in transit to pay points in those areas.
To be honest I don't see any cash payments in the next 18 months, I think it will all be technology. Cash doesn't leave in our pockets anymore it leaves in our devices - cash is expensive and dangerous.— Mark Barnes, SA Post Office CEO
We are looking over time to have a cashless solution but right now not all beneficiaries have smart phones or even registered accounts...— Mark Barnes, SA Post Office CEO
To hear the rest of the conversation on Sapo's readiness with Mark Barnes, listen below: