Bill Payment Service (Payzone®)

Bill Payment Service (Payzone®)

PayZone® is a collection aggregation solution that provides individuals, subscribers and customers of retailers / merchants with convenient means to place orders and make payments to various bank’s corporate for services (Bills Payments – utility, tickets, airtime, reservations and commodities payments) over the web (card payment, internet banking).

PayZone provides that flexibility for the bank, which allows for plug-in of existing retail ordering solutions, (Simple customizations) into the PayZone solution. This way, a marketplace is created where individuals – both your bank customers and your corporate customers with various e-payment instruments (debit card, etc) are able to reach your corporate, (retailers/merchants) easily to place to place orders and pay for goods and services over a multiplicity of convenient web payment instruments.

Key features of PayZone®

Brand Awareness
The PayZone solution is integrated to social media (Facebook, Twitter, etc) sites such that activities on your PayZone are broadcast on these social media thereby creating brand awareness for the bank.

Integration to Customers’ e-Commerce site
Those customers of the bank who already have an e-Commerce site can add your PayZone link on their website such that PayZone products can be accessed from their site and payments received by the bank on their behalf.

Payment and Settlement
Settlement of funds into appropriate corporate account as well as bank’s income account (where applicable) is effected via InfoGrid®-Bank3D.


Key Benefits

  • Provides the bank and corporate with a robust electronic commerce system for the delivery of value added financial services to its customers.
  • Enable the bank expose the corporate’ accounts that they have domiciled to the teeming corporate customers thereby enabling users who are not necessarily your customers have access to make payments into merchant account which in effect provides a wider range of opportunities to corporate in increasing their customer base.
  • Significant branding for both bank and corporate; Position the bank as a one-stop-shop when it comes to bills payments as all corporate are aggregated into a single view for easy access by customers while providing a market hub.

Relevant Business Segment

Bill Payment Service (Payzone®)