Access Bank Plc has introduced a new multi-banking payment solution called PayWithCapture.
According to a statement by the bank, PayWithCapture is a mobile payment solution that permits customers to make payments by scanning a merchant’s pre-generated quick response-code using the camera of their mobile device or other devices.
The lender said the platform could be linked with different payment cards, including MasterCard and Visa.
The solution, which can also be linked to bank account and mobile wallet, allows customers to select the type of payment instrument they desire.
The statement said, “With PayWithCapture, a user can add as many cards or payment instruments (bank accounts and mobile money wallets) as desired.
“This journey of inclusiveness is based on the belief that inclusiveness is the first step in the journey of innovation and the biggest players in the mobile space have been those who opened up their platforms to other players.
“This is a unique mobile payment solution with in-built loyalty points and coupon rewards. Merchants can also use the PayWithCapture coupon system to reward their customers without the need to invest in complex reward systems.”
The Group Managing Director, Access Bank, Mr. Herbert Wigwe, was quoted as saying, “Forging growth in mobile payment solutions requires inclusiveness.
“For the potential of mobile payment technologies to truly explode, it is important that we begin to see it as more than a bank initiative, but more of a consumer initiative and that is where inclusiveness comes in.
“We are committed to providing solutions that meet people in their niche and we have been working closely with technology partners to achieve this. Nigeria is an exceptional country with unique consumer needs.”
He added that the bank introduced the product because it allows for a combination of payment solutions to accelerate financial inclusion in Nigeria.
The Head, Product Management and Innovation, Access Bank, Mr. Gbenga Agboola, said, “With PayWithCapture, you can pay with any bank’s card. You register all your cards on your PayWithCapture profile and they will be selectively or collectively debited based on your preference.
“Also, this application works offline. This way, transaction details are sent in little packets of data where the customer’s payment details have been encrypted. This reduces, or rather, totally obliterates issues of network downtime and unavailability to process payments.”
The Area Business Head, West Africa, MasterCard, Mr. Omokehinde Ojomuyide, said, “Nigeria is one of the fastest growing markets for mobile payment. So, if anything is going to make sense when it comes to payment in Nigeria, mobile payment is the answer. PaywithCapture is a more convenient way. If you have the payment solution app on your phone, your transaction will go through.
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