Collection Account

Key Features

• Collections through branch, agents, mobile app, USSD, Paybill 247247, cards and online banking
• Payer reference validation (e.g. admission number, member number, invoice number)
• Real-time payment notifications and automated reconciliation
• Can be linked to host-to-host or API integration with the institution’s ER

Benefits

• Active Equity account
• KYC documentation – certificate of registration/incorporation or establishing Act/Gazette notice, KRA PIN, and IDs/KRA PINs of signatories
• Board/Council resolution authorizing the account or facility and appointing signatories
• Payer data structure / reference format (for validated collections)