Business News of 2014-02-11

Payzone nominated for Africa epayment award

A Ghanaian IT technology company, Innovative EPS Ltd, has been nominated for a coveted honour in the South African City of Sandton, only two years after emerging on the business scene with its much hailed PayZone e-payment machines.

A nomination letter dated January 22, 2014 and signed by a senior official of the Card & ePayment Africa Awards secretariat, Agbokhan Ann addressed to the Chief Executive of Innovative EPS Ltd said the company’s nomination follows a public voting which was subsequently verified by a panel of judges.

A statement issued in Accra by Innovative EPS Ltd said the company will compete with three other business entities; First Bank Nigeria, Barclays Bank Ghana and Dreamoval Ghana Ltd for the prestigious award in the category of Best Technology Initiative of the Year.

The awards ceremony, in its second year running, will be held on 18th March, 2014 at the Michael Angelo Hotel at Nelson Mandela Square, Sandton, South Africa.

The occasion is expected to celebrate publicly outstanding work and innovative contribution to the growth of card and ePayments in Africa.

Card & ePayment Africa Awards is an annual Pan African event with focus on technological advancements and innovation within the e-Payment space.

It provides a platform for all stakeholders in the industry to be recognized, rewarded and celebrated.

The Company’s Chief Operations Officer (COO), Mr. Bernard Anyan - Mensah has expressed pleasure at the news.

“We are delighted at this news. We have been working hard from day one. We knew we are making an impact but this is a surprise, we were not expecting recognitions in this short period of time.” he said in a statement issued in Accra.

The statement said since its inception two years ago, Innovative EPS Ltd has been working on developing virtual business transaction payment systems, using its PayZone payment platform, all in their bid to help create a cashless society.

Even though PayZone is yet to be officially launched, many patrons have lauded the convenience and proximity advantages the platform provides for its growing customers.

The PayZone platform which currently hosts all the telecommunication networks in Ghana, facilitates the purchase of direct airtime top-ups on its Self – Service payment kiosk and are currently deployed at various locations in the Greater Accra Region(e.g. 37 military hospital, GHAPOHA, Accra Mall, University Campuses, etc.).

The statement quotes Mr Anyan-Mensah, hinting of far-advanced plans to enroll Electricity Bill Payment (Post & Pre-paid), Ghana Water Bill Payment, Internet Bill Payment, Lotteries, Mobile Money, Tax payment, Banking & Finance, Micro Finance & Insurance, Airline and Event Ticketing, among others on the platform.

“Imperatively, this platform will not only creation jobs, but will also encourage businesses to advertise on it. We currently have a viewership population of 1,000,000 per Month. In the next 5 years, Innovative EPS hopes to generate approximately 9 million jobs while expanding to other African countries by next year”, he said.

Source: Kojo Smith
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