The global leader in seamless payment, Ingenico Group, deployed, jointly with its local partner Tracom, a Revenue Collection solution in the County of Nyeri in Kenya.
This initiative was sponsored by Equity Bank and “reinforces the emerging cashless-based culture by collecting County fees such as parking, land rates, business permits, market stall fees through electronic payment” mention the Press Release of Ingenico Group. Its benefits include stronger accountability for funds collected and effective cost reduction thanks to a fully electronic process.
People in Nyeri can now save time: they can pay the County fees from the area of operations without wasting time commuting. In fact, County agents, equipped with Ingenico wireless smart terminals with a specific Revenue Collection application, can now simply collect payments when arriving at the business premises.
The success of this program lies in its simplicity according to Andrew Wakahiu, General Manager-Agency Banking, Equity Bank. “This Revenue Collection program has been successful because it relies on a technology that is both simple and secure. No more paperwork, complex processes or cash management issues in the agent network; it’s a real game changer for the County administration.”
Note that Equity Bank has partnered with Ingenico Group and Tracom for the past few years to deploy cashless programs in East Africa. This has been part of a global strategy which aims to deepen Financial Inclusion among the local population.
The integral Press release is available here