Ingenico Group deploys cashless revenue collection solution in Kenya

Ingenico Group, a global leader in seamless payment, has announced the deployment of a cashless revenue collection solution in the County of Nyeri in Kenya.

Through the solution, county fees such as parking, land rates, business permits, and market stall fees, were collected electronically.

Aside reinforcing the emerging cashless-based culture, the solution’s benefits include stronger accountability for funds collected and effective cost reduction thanks to a fully electronic process.

“This Revenue Collection program has been successful because it relies on a technology that is both simple and secure. No more paperwork, complex processes or cash management issues in the agent network; it’s a real game changer for the County administration,” said Andrew Wakahiu, General Manager-Agency Banking, Equity Bank.

Eastern Europe & Africa Managing Director for Ingenico Group, Luciano Cavazzana said, “We are demonstrating that our technology is not limited to traditional payment but is open to a wide range of new opportunities,”

He added, “Through this initiative, Tracom and Ingenico Group addressed administrative challenges by providing a quick and convenient fees collection solution to better anchor cashless habits in Kenyans’ daily lives.”

Thanks to the solution, People in Nyeri can now save time: instead of waiting in long queues, they can pay the County fees from the area of operations without wasting time commuting.

In fact, County agents, equipped with Ingenico wireless smart terminals with a specific Revenue Collection application, can now simply collect payments when arriving at the business premises.

The solution was deployed jointly with Ingenico’s local partner Tracom, a regional payments systems integrator with Equity Bank, one of the largest Banks in Kenya, sponsoring the initiative.

For the past few years, Equity Bank has partnered with Ingenico Group and Tracom to deploy cashless programs in East Africa. This has been part of a global strategy which aims to deepen Financial Inclusion among the local population.

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