In a highly competitive industry with over 40 players, technology-driven points of interface between bank and customer are not just an option; they are an imperative.
This is especially true in Africa, where an increasingly younger population is progressively moving bank transactions from the traditional banking hall to other points of contact: the desktop, the laptop, and even hand-held devices like mobile phones.
Banks need to be adequately prepared for these shifts in their core clientele, by procuring the best available technology. Most importantly, and given the custodial and fiduciary role banks play, the adopted technological interface must have the highest forms of efficiency and integrity. It must also be able to operate seamlessly, be scalable, and always on, as bank customers are looking for convenience, simplicity, and speed in their transactions, 24/7.
However, customers do not deposit only money in banks. They deposit something which is equally valuable to them; personal data. As banks frontload contact-less, technology-driven points of interface such as mobile and internet banking, especially in a post-Covid-19 world, they must seek solutions that protect consumer data from the ever-present specter of data theft and other inherent risks.
Our solution not only provides banks and other financial services the platform to integrate their applications for a secure, easy and fast processing of transactions; we also ensure your security and that of your customers by always striving for global standards of compliance and practice in payments and data management.
PYCS' BULK PAYMENTS SOLUTION TO BANKS
The PYCS Bulk Payment Management Solution offers a secure, easy and fast processing of transactions. Send and receive funds through Bank Transfers (Pesalink, RTGS, and EFT etc.) and Mobile Money Networks (M-PESA, Airtel Money, etc.). Banks can easily integrate their systems to our secure payments gateway to make and receive real-time single or bulk payments. The solution supports the following payment types:
Pay Bill integration
Single and bulk M-PESA disbursements
Single and bulk bank account transfers
What Our Clients Say
“In 2017, UBA started working with Pi Consulting to provide a setup for our bulk payment system, which is the bank’s core digital product. The system is unique, and it gives us a good chunk of our revenues and so, it has influenced heavily on our revenues and improved our customer base and brand perception.
The product is also flexible, customizable to our individual and customer’s needs. We have worked with them closely to overcome human capital, service management or technical problems.
Pi Consulting’s remittance system has allowed us to elevate our IMT partner’s experience as they can transfer money seamlessly into Kenya. We have seen a tremendous growth in our Diaspora remittances numbers and love the platform’s simplicity and the post implementation support from the team that has enabled us to shift our energies from constantly worrying about the platform and more on ensuring value for our customers.
“Family Bank started working with Pi Consulting in 2020 on two products: bank payment (FamilyPay) and Diaspora remittances. They (Pi Consulting) are very flexible, innovative, supportive and understanding of the customer’s needs. Moreover, their solutions are one of the best, so far, in the market. The uptake on their bulk payment platform has also been on the upward trend with a month-on-monthly increase. At Family Bank, we are now able to do 5,000-6,000 transactions per month, serving about 170 corporate and business customers.
They have developed our payment platform for corporates and SME’s. Pi
Consulting developed the interface between the banks, companies and the
employees receiving money through international remittances.
“It is a very nice, robust system which ensures that the average turnaround time for the companies for the payments is two minutes from the time of payment in the USA, UK to the time the money hits the beneficiary in Kenya. Over the last three years, using this system we have been able to move about KSh1 billion and make money”
“I like working with Pi Consulting, they have a knack for doing things simply but very well.”
Pi consulting powers our automated remittances platform and they are a reliable and efficient partner who takes into account the unique customer needs in our market. The partnership with Pi has ensured that we provide our customers with world-class services enabling them to send money fast and securely to mobile and bank accounts.
Pi Capital Ltd’s Micro Lending platform has simplified our operations by providing a fast and reliable system. We also appreciate their top-notch customer service in troubleshooting and resolving any system issues whenever they occur