Its a patented and first-of-its-kind system that commands
the ease and convenience of payment of recurring bills.
The new service enables customers to make their frequent
utility bill payments through the use of a unique NUBAN account number.
According to a statement, Customers can retrieve the account
numbers assigned to their utilities cable TV decoders, electricity meters etc
by visiting their website .
Using this system, customers will no longer need to expose
their card details online to make payment for services.
It also reduces the number of steps and time spent paying
bills on mobile applications or at physical points of sale.
A customer simply needs to transfer the purchase value or
subscription amount to the pre-assigned account number to get instant value.
Chief executive officer of the company, Mr. Tomi Araromi,
said the innovation is miles ahead of the conventional bill payment system
which revolves around the idea of using mobile apps, websites or agents for
bill payments.
He said “the new shift saves time for customers and the
entire bill paying ecosystem as customers only need to retrieve the account
number for the utility or service once.
“This mechanism promotes inclusion as payment for
electricity tokens or cable subscription can be made via any of the banking
channels such as ATM machines, bank mobile apps or USSD, Internet banking, bank
deposit and all POS agents.”
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