-ZAMPOST clinches vehicle deal

ZAMPOST clinches vehicle deal

Ndola, May 22, 2013, ZANIS – The Zambia Postal Services  (ZAMPOST) and Trust Company of Japan will next week officially launch an online sales agency for buyers of second hand vehicles.

ZAMPOST Postmaster General Mcpherson Chanda revealed this in an interview with ZANIS in Ndola today.

Mr Chanda said ZAMPOST will effective June 3, 2013 start offering a convenient, cheaper and fast mode of payments for buyers of second hand vehicles from Trust company of Nagoya, Japan.

Mr Chanda said following clearance by the Bank of Zambia and successful negotiations held between ZAMPOST and Trust Company of Japan, ZAMPOST will be a sales and collecting agent.

Mr Chanda explained that this is an added financial service offered by ZAMPOST apart from local and international money transfer services under the Postal Services Act.

He said in the next few months ZAMPOST envisages to sign up similar sales agency agreements with other international reputable car dealers..

“With this solution, customers will therefore have an option between paying to the car dealers through the commercial banking channels or to come to ZAMPOST as the designated sales agent,” Mr CHANDA said.

He explained that with the value proposition customers will pay 40 percent less for fees paid  through ZAMPOST in comparison to bank fees.

He explained that currently it takes a customer about five days to get confirmation of payment of receipt of funds by car dealers but that under ZAMPOST sales arrangement the customer will get confirmation from Trust Japan within two hours.

Mr Chanda also noted that the arrangement will further reduce on the number of Zambians being swindled of their money when clearing vehicles at border posts..