30 March 2015

South African banks roll out nationwide e-billing and payment service

14 January 2014  |  2675 views  |  1 Login deatil 2

Bank-owned clearing house BankservAfrica has teamed up with vendor ebpSource to launch a South Africa-wide electronic billing and payment service.

The system lets retail customers manage, view and pay their bills from the security and convenience of their banks' online portal, as well as other connected channels. Instead of having to handle dozens of bills arriving separately each month, the e-billing portal enables consumers to view, query and pay everything at one time, from one place, with a single log-in.

Nedbank is already live with the service and two of the largest municipalities in South Africa have also connected for the delivery of local taxes and charges.

Martin Grunewald, CEO, BPO unit, BankservAfrica, says: "Consolidated billing and payment improves customer service and removes the need to print and deliver paper bills. It also enables billers to take advantage of the banks' ability to provide a secure end-to-end process for bill viewing to payment, clearing and settlement and even online document storage."

Comments: (1)

Bo Harald - ZEF and Real Time Economy Program - Esbo | 14 January, 2014, 20:40

How about being able to send invoices - just like payments. Easy and very small investment needs.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

08 January, 2014
02 September, 2013
28 November, 2012
20 July, 2012

Related company news

 

Top topics

Most viewed Most shared
Banking has reached a digital tipping poin...
10570 views comments | 56 tweets | 32 linkedin
Europe sets the pace as fintech investment...
5972 views comments | 29 tweets | 20 linkedin
UK online banking fraud losses soar 48%
5174 views comments | 16 tweets | 17 linkedin
Future Money Focus: Mariano Belinky, Santa...
4981 views comments | 12 tweets | 12 linkedin
Google preps Gmail bill payment feature
4943 views comments | 15 tweets | 12 linkedin

Featured job

Six Figures plus bonus plus Benefits
London or Belgium

Find your next job