25 February 2017
visit nextgenbanking.co.uk

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

14 January 2014  |  3204 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
Bo Harald - ZEF and Real Time Economy Program - Helsinki region | 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)

Finextra news in your inbox

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

Related stories

Nedbank using social media to win over rival bank customers

Nedbank using social media to win over rival bank customers

08 January 2014  |  8291 views  |  1 comments | 20 tweets | 10 linkedin
FNB taps instant messaging for mobile money transfers

FNB taps instant messaging for mobile money transfers

02 September 2013  |  5007 views  |  0 comments | 5 tweets | 2 linkedin
MasterCard and Absa launch dual debit-credit card with built-in display

MasterCard and Absa launch dual debit-credit card with built-in display

28 November 2012  |  11416 views  |  1 comments | 5 tweets | 7 linkedin
FNB launches banking via Facebook

FNB launches banking via Facebook

20 July 2012  |  13467 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit Yelloco.co.ukVisit contisgroup.comhttp://www.financialcrimerisk.fiserv.com/aml?r=finextra

Who is commenting?

Top topics

Most viewed Most shared
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
12557 views comments | 52 tweets | 72 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
8541 views comments | 40 tweets | 34 linkedin
High rate of defaults hit P2P lending sectorHigh rate of defaults hit P2P lending sect...
6789 views comments | 18 tweets | 13 linkedin
BNY Mellon seeks blockchain experts for new emerging biz and tech teamBNY Mellon seeks blockchain experts for ne...
6744 views comments | 7 tweets | 4 linkedin
Visa opens London innovation centreVisa opens London innovation centre
6072 views comments | 20 tweets | 19 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job