This, industry observers say is another feat with the roll-out of card-less withdrawal and unstructured supplementary service data (USSD) features on its payment platform, KongaPay.
KongaPay is a secured payment platform licensed by the Central Bank of Nigeria (CBN), promises to allow customers to hold funds in escrow, complete peer to peer transfers, purchase digital goods, pay for Digital Satellite Television (DStv) subscription and airtime at discounted rates.
Explaining how the card-less withdrawal feature works, KongaPay Vice President, Joshua Fatoye, stated that the feature allows any account holder to withdraw cash from any Automated Teller Machine (ATM) nationwide, without using any debit card.
“The card-less feature works this way. All the customers are required to do is to sign up on Kongapay.com and ensure that their KongaPay wallet is funded using any of the funding options. Then, the account holders need to log into their wallets via web or app. Then, click on cash out from the wallet, and next on cardless cash out feature and input the amount and the beneficiary mobile number,’’ stated Fatoye.
‘‘By default, the customer’s mobile number will be on display. The customers can, however, input any valid mobile number of any recipient they wish to send money to. The beauty of the process is that the mobile number does not have to be registered on KongaPay wallet.
‘’Next, the customers will then input their personal identification numbers (PINs) and One True Pairings (OTPs) to complete the transaction. Next, the customer who initiates the transaction will receive a message thus: “Your pay code request was successful”, and the beneficiary will get a short message service (SMS) notification with the withdrawal code details,” Fatoye said.
Chuks Egbuna/Editor
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