PAYDIRECT is a secure PC-based online, realtime (interbank and intrabank) payment collections and remittance solution. The solution enables the consumer (corporate or individual) perform payment and other banking transactions from locations within and outside bank’s premises.

• Collection (at bank branches)
• Remote payment (over the Internet/Mobile devices)
• Distributor Management
• Online ordering, processing and payment receipt
• Consolidation of Account across several banks- remote tracking of accounts (across various banks)
• Instant fund transfer, payments and online payment monitoring
• Online tracking of distributor credit and

• Provides organizations with full control over payments made by customers
• Ensures bank compliance with contractual agreements aroung fund remittance
• Costs savings and increased revenue collection
• Ensure organization gets immediate value while guaranteeing full settlement within 24 hours of payment
• 24/7 online access to consolidated account balances at each of its banks
• Audit trail of all payment activities
• Report (daily and historical) of all payment
• History of all transactions and generates customized management reports and possible reconciliation

• Customers go to collecting branches to make payments (any of the over 1000 bank branches available on the Interswitch network) and the teller logs on to PAYDIRECT
• The Teller enters the customer’s reference number for the service being paid for. The system fetches the customer’s details from the server for the customer’s verification
• The Teller collects cash, cheque or draft from the customer and enters the amount into PAYDIRECT. The information is encrypted, and sent to the billing system of the receiver.
• The system generates the requisite accounting entries in the bank’s banking application i.e the receiver’s account (e.g NEPA’s account) is credited immediately.
• The receiving organization now has instant access to all payment made at the bank branches and can generate various reports for the payment