• SPASA has implemented prepaid transactions in compliance with the financial services industry transaction requirements. This system, USSD compliant, has been developed by SPASA to be used by consumers to transfer funds directly from their bank accounts on to their meters using their cellular devices, no tokens required. This system provides full audit trails, financial services industry authorization, and nullifies a number of fraudulent activities prevalent with the use of tokens.
  • The payment system is supported by ABSA bank, Standard Bank, Nedbank (debit cards only), Postbank, and Bidvest. Negotiations are underway with First National Bank, however no due date for implementation is available at this stage. Developed with the assistance of Standard Bank and Integrated Processing Solutions, the payment process is similar to a ‘Card Swipe’ transaction using a debit/credit card, with the card machine replaced by the consumer’s cellular device. The consumer registers his/her debit/credit card, which is verified by the bank, against his/her municipal account number and is able to perform various functions via cellular device, including:
    • Perform prepaid purchase transactions
    • Check prepaid balances
    • Update card details and do card swops.
  • An MTN or Vodacom sim card is required.
  • All transactions comply with Financial Services Industry Standards. USSD is a Financial Services Industry Standard.
  • A consumer’s credit balance is increased with each prepaid purchase, and reductions due to consumption are directly relatable to the applicable Municipality step up tariff based on cumulative consumption for the month. This means that the balance, purchases, and consumption information are all presented in rands, and consumption can be worked back to the kilowatts used multiplied by the applicable rand tariff.
  • Payments are reconciled daily, to ensure that all consumer purchases are accounted for and applied to their prepaid balances
  • Vendor functionality is also available in the event of cash transactions. Vending points will be available at the Lephalale Civic Centre as well various points around town, to be announced in due course.
  • Entities that manage more than 30 accounts may also register as vendors, and provided with the ability to distribute credit to the various consumers in their portfolio.