Superior Financial Services
Backed With Technology
ADD is a financial instrument which facilitates “regular in nature” automated payments. It permits the collection of amounts due from a Subscriber through direct debit actions on bank account(s) at specific dates and pre-defined intervals.
How it works
ADD triggered through the CMMS platform and it is pre-configured based on the following mandate type;
Fixed Mandate – for fixed amounts and frequencies of debits to the subscriber’s bank account(s).
Variable Mandate – for variable amounts and/or frequencies of debits a subscriber’s bank account(s).
Global Standing Instruction – for recovery of defaulted funds from multiple bank accounts, using the subcrsiber’s BVN
Unique Value Proposition
ADD enhances the service offerings of various market segments such as Consumer Lending, Insurance Payments, Subscriptions, Investment Products and other frequent in nature payment services