By Ephraim Oseji
Nigeria’s CWG Plc is expanding Nigeria and potentially Africa’s e-payment ecosystem with a new platform of its own called ‘BillsnPay’, a digital bills presentment -payment system designed to address the challenges of organizations and individuals who send recurrent bills to their customers and how such bills are paid.
Speaking at the company’s Head Office in Lagos, Mr. Temitayo Oduwole, CWG’s Product Manager disclosed that BillsnPay takes the hassle of setting up individually hosted and branded sites off billers and gives their customers a range of features which include instant access to due bills, ease of making payments, requesting receipts and storing all for future references .
“BillsnPay is a repository of bills from different billers and a centralized portal where consumers can view and manage all their different bills. With BillsnPay, customers can manage and pay their bills, check payment history and also consolidate bills from various biller,” he said.
Oduwole stated that though BillsnPay is a relatively new solution, it has in the last one year addressed some of the inefficiencies associated with billers who send physical bills. He said with BillsnPay, the era where billers send out physical bills, is gone. Stressing that it was an era where the cost of sending oit bills and reconciling payment made by the customers was so high and had a huge impact on the operating expense of such organizations, as the billers ideally spend so much money on logistics such as stationeries and delivery, which most of the times doesn’t get to the consumers and many a bill do not get paid as at when due.
However, with the introduction of the BillsnPay solution, he explained that organizations electricity distribution companies with large pool of customers who receive recurring bills; all that is needed is for them to sign on to the platform and integration can be done to their back end system if available and their customers can access their bills digitally and can make payment for such bills through the different payment options available on the platform. Alternatively , the billers can upload the basic details of its teeming customers.