Shell Energy Entrepreneurs banner Yudala banner
Fidelity Bank pioneers tax payments, revenue collection with Instant Banking Solution

By News Express on 12/12/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 508


As part of deliberate efforts to change the face of service and create total customer experience in the financial services industry, Fidelity Bank has deployed a ground breaking solution for the collection of internally generated revenue (IGR) in Lagos State. Working in conjunction with the state government, Fidelity Bank developed the tax collection/payment solution via its Unstructured Supplementary Service Data (USSD) channel (*770#). The solution, which is first of its kind in the industry, is in response to some of the challenges faced in making tax payments and remittances to the state government.

According to the Divisional Head, Retail Banking, Richard Madiebo, the introduction of the USSD for the payment of state taxes was an innovative step that enabled the average tax payer fulfill his or her obligations to government conveniently. “This payment option is borne largely from our desire to always provide easy and convenient payment channels to the semi-formal and informal tax markets in Nigeria,” Madiebo said, adding that tax payers could now make payment efficiently which would eventually lead to a reduction of leakages in the system for the state.

Over the years, Fidelity Bank has positioned itself as a key player in IGR across Federal and state mandates. The bank successfully deployed easy and convenient payment solutions in Anambra, Abia, Imo, Kano and Sokoto Sates through Point of Sale (PoS) Terminal Tax Collections, Automated Electronic Motor Vehicle Licence, Land Registry Automation Processes and web payment platforms.

Speaking in the same vein, the bank's Head, Enterprise Solutions, Zee Agetua expressed gratitude to the state government for the partnership, adding that Fidelity was committed to helping to improve its IGR position. “We are working to institutionalise a robust and efficient revenue collections and payments culture through our partnerships with state government agencies and departments through the years. This is borne out of our conviction that the revenue collections market has indeed huge potentials with increased digitization,” she said.

To get started and enjoy these benefits, the Head, E-Banking, Ifeoma Onibuje explained that customers were expected to complete account opening and registration process by simply dialing *770# on the phone linked to their account, choose the tax payment option and conclude their transactions. In addition to this, all registered users can easily transfer and withdraw funds, buy airtime as well as pay utility bills. “User safety is also key to Fidelity Bank. We have incorporated an ‘instant blocking’ feature to the platform such that a customer who feels that his or her code has been compromised can disable the service immediately using any other phone,” she added.

Source News Express

Posted 12/12/2017 12:54:47 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Housewife jailed for being pregnant for another man...

U.S. Secretary of Commerce concludes fact-finding mission to...

How 4 kidnap suspects escaped from custody: Ebonyi...

OAU lecturers divided over ASUU strike, faction boycotts...

Army court-martials 16 over abducted Chibok schoolgirls

MTN must pay N780 billion fine today —NCC...

Okorocha budgets N197.7 billion for 2013, to float...

Ibori, Saraki reportedly named in leaked documents on...

Pensioners paralyse commercial activities in Benin

IMF warns of ‘severe regional and global damage’...

BREAKING NEWS: Supreme Court dismisses Sheriff’s application

MMM introduces innovations ahead of Jan. 14 return...

 

Latest News Ben Bruce calls for dismissal of Buhari’s government, Saraki’s takeover as President Good Nigerian returns N150m wrongfully posted into his account, earns praise Police couple, daughter and constable perish in fire disaster Lassa fever: Ebonyi Govt. closes schools No suspicious items in 2018 budget — Budget and Planning Ministry Reps summon Kachikwu, Baru over alleged fuel subsidy payment Phase3 rubbishes FG’s claim of owing N27.2bn over fibre optic agreement Jime tips Oni and team to revolutionise NEPZA operations Delta State Government dismisses Ayiri Emami’s ‘tales by moonlight’ Apple to pay $38bn in taxes and add 20,000 jobs in the U.S. Don’t allow 2019 to overshadow governance, Saraki tells politicians Osun LG election: OSSIEC Chairman warns electoral officers against sharp practices

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (314,870 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (304,237 views) Shameless Genevieve Nnaji exposes breasts in public (244,187 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (201,139 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (189,873 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (179,083 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (155,342 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (139,425 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (135,913 views) Lagos plane crash: Journalist releases victims’ names (124,306 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (121,476 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (118,818 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,853) Business Verdict (32) Columnists (790) Complaints & Requests (94) Enterprise & Opportunities (200) Entertainment (431) Features (541) Global Business Monitor (222) International (1,744) Interviews (139) Live Commentary (28) Love Matters (100) News (31,970) Opinion (864) Pidgin (10) Politics (4,352) Religion (666) Sports (1,406) Stock Watch (25) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Thierry Henry in Lagos Nigeria

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!