USSD Prepayment system
A payment system that caters for both credit and prepaid transactions in compliance with the financial services industry transaction requirements. This system, USSD compliant, has been developed by SPASA to be used by the 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 consumer is able to perform various functions via cellular device, including:
- Perform purchase transactions in prepaid mode as well as postpaid mode
- Check meter balances
- Update card details, card swops etc.