Cashless Based System For Revenue Collection Introduced In Nyeri County

 

Collection of revenue in Nyeri County is set to become cashless based following the introduction of electronic payment by Ingenico group and Tracom sponsored by Equity bank.

This initiative means that County fees such as parking, land rates, business permits, and market stall fees will all be collected through electronic payment.

“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.” explained Andrew Wakahiu, General Manager-Agency Banking, Equity Bank.

In addition, Wakahiu confirmed that county agents have already been equipped with Ingenico wireless smart terminals with a specific Revenue Collection application, and can now simply collect payments when arriving at the business premises.

Benefits

Having a cashless system of revenue collection means a stronger accountability for funds collected and effective cost reduction thanks to a fully electronic process.

In addition, its time saving as citizens will no longer spend hours on long queues just to pay county fees “We are demonstrating that our technology is not limited to traditional payment but is open to a wide range of new opportunities.

Through this initiative, Tracom and Ingenico Group addressed administrative challenges by providing a quick and convenient fees collection solution to better anchor cashless habits in Kenyans’ daily lives.” commented Luciano Cavazzana, Eastern Europe & Africa Managing Director for Ingenico Group.

This has been part of a global strategy by Equity bank and Ingenico which aims to deepen Financial Inclusion among the local population.

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Muhatia
Muhatia is the Managing Editor of Biz News Media Reach him via editor@biznews.co.ke