INTRODUCING E-PAYMENTS

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From as far back as when cowrie shells were an accepted currency, payments and settlement for goods and services has had its challenges.
Back then and even today, businesses preferred to deliver goods upon payment. In other instances, businesses will use invoicing and other accounts receivable methods to collect. Technology and especially the growth in payments technologies has created new technologies for businesses and consumers to collect payments.
One of these technologies is recurring payments. Think settling your electricity bill with KPLC, paying for internet to JTL, payments for pay TV to Zuku and DSTV. These are expenses to be settled after a given period and that are painfully annoying.
Ideally, the user will log into their Mambo Wallet account, choose the bill (The customer will be able to pay all merchants who are on, the user then sets the period they want the payment made from a choice of daily, weekly, monthly and annually and then set the amount they want sent out during these periods and you are set to go.
In some instances, consumers will want to settle some payments in installments and the service allows one to do this. After the payment has been made, users will then receive a notification once their accounts are settled. The service is currently card only, but will in the future integrate with mobile money services. “Most users have their money in bank accounts which, come with debit cards. The users draw funds from the bank accounts to settle expenses, which informed the decision to use cards in the service

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