FinBank Plc has continued to enhance e-payment initiatives in Nigeria through the introduction of multiple collection products. These products which serve interests ranging from e-hotel, e-portal (education), on-line church offerings (e-offering), to e-judiciary bill payments are designed to offer convenience and accountability. They also contribute to the on-going efforts to transform Nigeria to a cashless economy.
With an appreciable technology- savvy population in Nigeria, FinBank recognizes the importance to offer products that will carter for this category of customers/prospects. Riding on the back of Flashmecash- its pioneer electronic product, the Bank has extended the convenience to other e-collection platforms.
The educational portal solution or e-portal is a world class online, real-time, interactive and web-based platform that contain a robust database of all students, members of staff and other information about a school. It uniquely identifies all students of a given educational institution and give them access to a personalized “virtual domain†where they can perform various activities ranging from application for admission, registration of courses, payment of fees, checking of results, record of the number of students, etc.
The e-portal is well secured with a payment engine embedded in the web-based solution, which allows payments to be made on the website. Payment of fees is usually through Local Debit Cards issued by any Nigerian bank. Beyond integrating the schools which the portal has been deployed to the FlashMeCash payment engine, the bank has also integrated Interswitch, Visa and E-tranzact payment engines for receipt of payment for local and international transactions.
The key benefit of the e-portal to the school is that it provides a detailed payment-monitoring tool for the institution. The platform equally improves operational efficiency of schools, reduce operational costs and improve turn-around time.
This service has also been replicated for the Judiciary and hotels. The e-judiciary solution is a portal which helps to automate the current manual process in our courts. Reports, Cases, and other Law publications can be posted on-line for ease of access by the Lawyers and of the public. Purchase of Judicial publications can also be carried out through the e-judiciary portal by making on-line payment via the debit cards issued by any interswitch member banks. This provides convenience and relief to cash handling challenges.
The e-offering is another product designed by FinBank for religious institutions and their members. It allows churches and other religious bodies to collect donation and other offerings online through the e-donation platform. This will help to reduce the cash handling challenges as it will encourage the automation of their cash transactions.
Already, FinBank has successfully deployed functional e-donation portal to a number of churches and NGOs to reform their operations. The portal is connected to FinBank’s FlashmeCash payment engine which powers payments and transactions with added advantage of using the debit card of members who wish to effect payments using local and foreign currency denominated cards. With this development, members of the church can from the comfort of their homes, offices and other locations make donations to church, charity and worthy causes.
Source: FinBank
