Ecobank has partnered with the Kenya Revenue Authority (KRA) to offer digital solutions that will eliminate the need for taxpayers to carry cash when making payments.
The digital solution will facilitate taxpayers to use digital platforms such as mobile banking, cards, Points of Sale (POS) and Internet Banking to make payments.
Ecobank’s agents, also known as Xpress Point Agents, will also be able to facilitate the tax payments.
Payment of taxes has largely been through traditional modes of payments such as cash deposits in banks.
Digitizing payments guarantees greater convenience and flexibility for taxpayers, lowers security risks associated with cash transactions and addresses the challenge of handling bulk cash.
Speaking in Namanga during the launch of the “EcobankPay zone” Kajiado County Executive Member for Trade Enterprise Development and Cooperatives Hon. Alvin Kimani said, “The launch of the EcobankPay Zone is a significant development for the business community and residents of Namanga as it will enhance revenue collection, reduce chances of theft from wallet and other inconveniences related to cash transactions since all payments will be made digitally.”
Ecobank Head of Transactional Services Group (TSG) for Central, Eastern and Southern Africa (CESA) region, Robert Kola said, “The deployment of digital payment and collection solutions at Namanga and other border points will ensure clearing and forwarding agents, Kenyans and foreigners pay taxes without having to worry about limits or carrying hard cash since payments are done electronically.”
“Our POS machines located within the border points accept a wide variety of cards including Visa cards, MasterCard, and China Union Pay (CUP) which makes it easy for people from all corners of the world to make payments,” Kola said.
On his part, KRA’s Deputy Commissioner for Finance Mr Josephat Omondi applauded the milestone, adding that the deployment of PDQ solutions across various KRA stations (Namanga, LungaLunga, JKIA, Sioport, Busia, Eldoret Airport, Lamu, Moi Airport, Kisumu Airport, Loitokitok, Busia, and Malaba) is a step forward in embracing technology and improving service delivery in Kenya.
KRA is amongst the organizations at the forefront in embracing technology for better service provision.
“Collections are ongoing at the stations and the risk of handling cash has been mitigated. The payments are now facilitated by cards, a component that has played a role in efficiency in border operations,” said Mr Omondi.