Collections & Paybill solutions

Key Features

• Channels: branch, mobile (STK Push, USSD, Equity App), agents, web, ATM/CDM, cheques, M-Pesa Paybill 247247 and interoperability
• Local validation – bank hosts payer data
• Remote validation – real-time call to the institution’s ERP
• Instant payment notification into the institution’s system
• Simple Paybill with short-code reference (no validation)

Benefits

• Real-time payment advice
• Online reconciliation and audit trail
• 24/7 contact centre support

Requirements

• Active Equity account (collection account)
• KYC documentation – certificate of registration/incorporation or establishing Act/Gazette notice, KRA PIN, and IDs/KRA PINs of signatories
• Board/Council resolution authorising the account or facility and appointing signatories
• Payer data / reference structure
• Technical contact for integration (where applicable)