Upperlink Limited has launched PayChoice to engineer fast and unambiguous electronic disbursement and collection of cash to further boost the cashless policy instituted by the Central Bank of Nigeria (CBN) and simplify modes of payments.
The company is an incorporated software development firm with specialization in internet applications and database management.
Segun Akano managing director and CEO of Upperlink at the presentation of the payment solution in Lagos said PayChoice is an enterprise suite of payments and collections solution specifically built to address challenges being experienced by large corporate organisations, small and medium enterprises (SMEs), educational institutions and other business entities to process outward and inward payments.
He said the solution is customizable to meet organisations’ specific needs and interfaces with all Nigerian banks through available Switches, adding that it seamlessly integrates with organisations’ in-house Enterprise Resource Planning Systems (ERPS) and institutional portals.
According to him, the online solution is designed and developed to address payment and disbursement apprehensions being expressed by individuals, organizations and educational institutions such as Lagos City Polytechnic at this period of the CBN’s cashless policy.
“The solution saves time, reduces administrative costs and ensures immediate credit of fund. The payment solution came at a time most Nigerians, especially corporate organisations and schools need such a payment solution in order to overcome teething e-payment challenges, as it complements the CBN's directive on cashless economy while aiding organizational efficiencies,” he said.
“PayChoice is an upgrade of the company’s flagship collection solution - BranchCollect, and unlike BranchCollect, which was developed for cash collections at bank branches, PayChoice is integrated to work with Interswitch’s Quickteller and on all channels such as ATMs, Point of Sale (PoS) and the Web thereby making it a convenient platform for payments and collections.”