IFIS owned Quickteller has announced to quit collection of N100 charge fee on any transaction on their platform
The Interswitch Financial Inclusion Service will no longer charge you extra amount for any form of transaction that is carried out on their platform, hence, the service will be free of charge.
The new development became effective after the foremost payment platform in Nigeria sealed a deal with key billers in the various commercial sectors. The owner of the Quickteller gate payment said that the action was taken because the firm has sealed deals with key billers in various sectors (which include Betting, Energy and Electricity, Cable) companies that will enable customers transacting on its platform to conduct financial transactions at no charge.
However, some transactions might not be able to enjoy the new offer, but commercials that include utility bill payments, betting, wallet funding and cable TV subscription will hence make payment without extra charges. Before the pairing of the organisation with the various organisation, one has to reserve an extra N100 to successfully make payments using the Quickteller paypoint. But now, customers can now make most of their transactions at no additional cost to them.
Knowing fully well that the new development will favor customers the most, the process has also put measures in place to ensure that the paypoint agent doesn’t run at loss trying to create an healthy business enviroment and also retain their customary commission as well as other incentives..
“At Interswitch Financial Inclusion Service, we are not only committed to closing the financial exclusion gap, we are continuously working to provide convenient services that will enhance the adoption of digital payments and this latest incentive is just one of the many ways through which we are achieving this” Titilola Shogaolu, divisional chief executive officer (DCEO) of Interswitch informed.
The one-stop service that provides electronic payment solutions has over 16,000 agents, who are spread across the country offer various financial services to customers, such as: bill payment, funds transfer, cash deposits, cash withdrawals, and airtime top-up.
The list of billers that will enjoy the new free of charge service include; Eko Electricity Distribution Company (EKEDP), Abuja Electricity Distribution Company (AEDC), Enugu Electricity Distribution Company (EEDC), Jos Electricity Distribution Company (JEDC), WAKABET, BETWAY, Kwese, Ariaria Market Energy Solutions Limited, Rensource and Zola Electric.
In conclusion, the divisional Chief executive officer of Interswitch, Shogaolu informed that there is more to do in the nearest future towards making the paypoint service more appealing, as the new development is only a tip of the ice bag “Quickteller Paypoint is not stopping at this. We are working hard to secure more of such deals in order to deliver better value to our customers, and more profit to our valued agents.” he said.