Mon, 19 Feb 2018 15:00:52 +0000
By KELVIN SIABANA
THE Workers Compensation Fund Control Board (WCFCB) has signed a three year Memorandum of Understanding (MoU) with Zambia National Commercial Bank (ZANACO) for paying its beneficiaries through the bank’s system.
WCFCB head of communications and customer services Maybin Nkholomba told the Daily Nation that the Board’s beneficiaries would access their funds through Xapit ATM (automated teller machine) cards, which had been proven to be fast and easy payment solution.
“In view of this development, WCFCB branch managers nationwide have been advised to contact ZANACO branch managers to facilitate the enrollment of beneficiaries to the Xapit payment,” Mr. Nkolomba said.
He said the Board was pursuing the use of the ZANACO Express agents for locations where the bank did not have branches or ATMs.
By signing the MoU with ZANACO, which has branches in all 10 provinces and 74 districts, WCFCB hopes to ease payment solutions for its beneficiaries across the country. Mr. Nkolomba said currently the WCFCB had 19, 723 beneficiaries accessing their benefits through different modes.
