Enterprise Financial Settlement Rail
A high-capacity disbursement engine for payroll, produce payouts and vendor settlements, with maker-checker approval and real-time reconciliation across bank accounts and mobile wallets.
What is SpotPay?
SpotPay is a creative payment solution to make simple, easy payments.
How does SpotPay work?
Step 1: Enter names, telephone numbers and amounts being paid on an Excel sheet
Step 2: Upload the Excel sheet into the system for verification
Step 3: The supervisor approves the payments online
Step 4: Money disbursed at the click of the mouse button
Step 5: Recipients will have money in their e-wallet in a minute.
What’s the scenario like before SpotPay?
- Cumbersome and tiring process for managers
- Frustrating wait by workers
- High cost for Courier services
- High cost for armed security guards
- Tiresome and exhausting procedure
- Payment mode is still error prone
- Poor Documentation and receipting of payments
Why do I need SpotPay?
- You can make multiple payments of up to KES 70,000 at a go
- You’ll have to approve payments before they are disbursed
- Access to reports for multiple payments made over time
- Do away with the complexity and cost of making multiple small denomination payment through a Bank
- You won’t feel insecure while handling lots of cash meant for multiple payments
- You will not incur high costs for security guards/Cash in Transit every time you have to make payments
See the Platform Working for Your Institution
Book a walkthrough with our solution architects. We will show you the platform live, explain how it integrates with your core systems and outline a rollout plan.