Our Product – Corporate Electronic Payment System (CEPS)

We have designed and developed a “Business to Business” electronic collections/payment system that enables Corporate entities (FMCGs) to be paid by their distributors and merchants for goods using a debit card anywhere in Africa. CEPS is integrated with MasterCard’s MiGS payment gateway, letting us partner with MiGS accredited banks and their corporate customers. CEPS includes the unique ability to replace post-dated cheques with electronic deferred payments.

Opportunity for Banks

From our extensive research across sub-Saharan Africa (some FMCG examples – Coca-Cola, SABMiller, Lafarge, Guinness etc.) FMCG’s bank with at least two banks in each of their countries of operation. Most usually this would be a major international bank, such as Millennium bim, plus one of the larger national banks with a bigger footprint in that country.

The FMCG tends to apportion their banking revenue across banks, so no single bank captures that FMCG’s total turnover. By installing CEPS, one of the banks will achieve this pretty much overnight, thus increasing their revenue, they can accelerate capturing new business accounts with this offering.