iRecharge Tech-Innovations LTD, an industry player specializing in consumer services, digital alternatives, payment processing and enterprise business applications, has launched a payment solution.
It is a patented and one-of-a-kind system that commands the ease and convenience of paying recurring invoices.
The new service allows customers to make frequent utility bill payments through the use of a unique NUBAN account number.
According to a statement, customers can retrieve account numbers assigned to their cable TV set-top boxes, electricity meters, etc. by visiting their website.
With this system, customers will no longer need to expose their card details online to complete payment for services.
It also reduces the number of steps and the time spent paying bills on mobile apps 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.
Company CEO Mr. Tomi Araromi said the innovation is way ahead of the conventional bill payment system which revolves around the idea of ​​using mobile apps, websites or agents. for bill payments.
He said that “the new change saves time for customers and the entire bill payment ecosystem as customers only need to retrieve the utility account number once or of service.
“This mechanism promotes inclusion, because payment for electricity tokens or cable subscriptions can be made through any of the banking channels such as ATMs, mobile banking or USSD applications, internet banking, bank deposits and all point-of-sale agents. “
