
Access Bank says its PayWithCapture technology now allows low income earners and rural dwellers to get banking services in places without Internet access.
The upgraded PayWithCapture will become faster, convenient, hassle-free and make the old mutual contributory financing system – Adashe, Ajo or Esusu- more convenient, the bank says in a statement.
The Adashe’, ‘Ajo’ or ‘Esusu’ as it is applicable to people of the north, south and eastern part of Nigeria respectively is practiced among the low income earners in the sub-urban areas, colleagues at work place, artisans and rural dwellers.
The PayWithCapture 5.0, comes with additional features that enable customers to transfer funds from any bank account (one or more) to any bank account or phone number and email addresses.
Mr. Herbert Wigwe, the bank’s Chief Executive Officer/Managing Director, stated that the new PayWithCapture 5.0 is an improvement on a similar application, PayWithCapture 3.6, introduced last year.
The upgrade became imperative despite the unique features of the earlier version, because of the increasing sophistication of today’s banking customers in Nigeria and “the need for the bank to be in tune with the customers’ want”, Wigwe says.

[quote font=”georgia” font_size=”22″ font_style=”italic” align=”left” arrow=”yes”]“The fact that the application does not require an Internet facility for one to use it gives room for a lot of Nigerians in remote areas to send or receive money, unlike the regular online banking applications, hitherto, in use”, according to the Access Bank CEO.[/quote]“The fact that the application does not require an Internet facility for one to use it gives room for a lot of Nigerians in remote areas to send or receive money, unlike the regular online banking applications, hitherto, in use”, according to the Access Bank CEO.
The payment solution offers a USSD service, *901#, that allows users to carry out most of the functions without Internet access.
According to the bank, like the common old Ajo Model, PayWithCapture lets users save with friends or individually using the saving club concept.
“This can be used by market women as in normal contribution and then cash out accordingly as agreed among contributors. However, unlike ‘Ajo’, where a collector moves around a specific area collecting money from members and associates, this innovation gives users the ease of savings without the stress of moving around the area.”
According to Adeleke Adekoya, Head of Digital Banking at Access Bank, “PayWithCapture 5.0 users can still enjoy the success of QR code scanning for payments but with the added ability to make transfers to bank accounts, phone numbers and email addresses. Users can also set up a savings club through PayWithCapture. Savings Clubs, commonly known as Ajo or Esusu enable them save jointly with friends towards a common goal as the funds can be pooled and rotated among all members of the group or pooled and given to one person.”
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