Close Menu
  • Briefing
    • Cover Story
    • Latest News
    • Counties
  • Politics
    • Society
  • Special Reports
    • Companies
    • Enterprise
    • Money
    • Technology
  • Columns
  • Dispatches from China
  • Member Content
    • Shop
  • Contact Us
    • About us
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram LinkedIn
Nairobi Business Monthly
Subscribe
  • Briefing
    • Cover Story
    • Latest News
    • Counties
  • Politics
    • Society
  • Special Reports
    • Companies
    • Enterprise
    • Money
    • Technology
  • Columns
  • Dispatches from China
  • Member Content
    • Shop
  • Contact Us
    • About us
Nairobi Business Monthly
Home»Briefing»Ingenico deploys cashless revenue Collection solution in Kenya
Briefing

Ingenico deploys cashless revenue Collection solution in Kenya

EditorBy Editor4th May 2016Updated:23rd September 2019No Comments2 Mins Read
Facebook Twitter WhatsApp Telegram Email
Agent Francis Irungu with his sister in their general dealership and banking agency store in Nyeri
Share
Facebook Twitter WhatsApp Telegram Email

Ingenico Group, a global leader in seamless payment, jointly with its local partner Tracom, has deployed a revenue collection solution in the County of Nyeri.

This initiative was sponsored by Equity Bank and reinforces the emerging cashless-based culture by collecting County fees such as parking, land rates, business permits, market stall fees through electronic payment. Its benefits include stronger accountability for funds collected and effective cost reduction thanks to a fully electronic process.

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.

The Nairobi Law Monthly September Edition

“We selected Ingenico Group and its local partner Tracom as they have shown a strong expertise in providing innovative solutions to strengthen cashless payment behaviors,” said Andrew Wakahiu general manager- agency banking, Equity Bank.

The revenue collection program, he said, 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, adding that “It’s a real game changer for the County administration.”

Equity Bank has partnered with Ingenico Group and Tracom for the past few years 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. Equity Bank has been a pioneer in Branchless Banking where local merchants became trusted agents, offering the unbanked population a full banking portfolio (including account ownership and management as well as savings and credit) through a simple agency banking application on Ingenico iWL smart terminals.

“We are proud to be Equity Bank’s partner on this governmental program,” said Luciano Cavazzana, Eastern Europe & Africa managing director for Ingenico Group. “We are demonstrating that our technology is not limited to traditional payment but is open to a wide range of new opportunities. 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.”

The Nairobi Law Monthly September Edition
Follow on Facebook Follow on X (Twitter) Follow on WhatsApp
Share. Facebook Twitter WhatsApp Telegram
Editor

Related Posts

Fatal crash halts traffic on Nairobi-Mombasa Highway

30th May 2025

VAT shake-up in Finance Bill 2025 threatens businesses, economists warn

29th May 2025

AfDB sees Africa becoming the world’s second-fastest growing region

29th May 2025

DTB posts strong profit growth amid strategic shifts

29th May 2025
Add A Comment

Leave A Reply Cancel Reply

The Nairobi Law Monthly September Edition
Latest Posts

Fatal crash halts traffic on Nairobi-Mombasa Highway

30th May 2025

TIFA poll: Most Kenyans reject broad-based govt over cost of living concerns

29th May 2025

VAT shake-up in Finance Bill 2025 threatens businesses, economists warn

29th May 2025

AfDB sees Africa becoming the world’s second-fastest growing region

29th May 2025

DTB posts strong profit growth amid strategic shifts

29th May 2025
The Nairobi Law Monthly September Edition
Nairobi Business Monthly
Facebook X (Twitter) Instagram LinkedIn
  • About Us
  • Member Content
  • Download Magazine
  • Contact Us
  • Privacy policy
© 2025 NairobiBusinessMonthly. Designed by Okii

Type above and press Enter to search. Press Esc to cancel.