Business

StanChart, NAPSA team up on payment system

NANCY MWAPE, Lusaka
STANDARD Chartered Bank has partnered with the National Pension Scheme Authority (NAPSA) to integrate its banking payment with the electronic-NAPSA pension contribution returns.

With this partnership, Standard Chartered Bank account holders will be able to make on-line e-NAPSA payments through its banking platform, Straight2bank.
Speaking at the signing ceremony on Monday evening, Standard Chartered head of global banking Emmanuel Banda said the partnership is a testimony to the continued commitment to supporting Government initiatives aimed at improving revenue collection and service delivery.
“This partnership will have a positive impact on our clients’ ability to make pension contributions in a much more efficient, safe and near real-time manner,” he said.
The bank worked closely with NAPSA and Probase to offer the eNAPSA payment system through the online banking platform Straigt2bank.
Mr Banda encouraged customers to continue to use a system that meets their desired transaction authorisation criteria.
“The eNAPSA payment functionality is on the same platform they use every day for all their payments, be it eTax payments, telegraphic transfers or local payments to suppliers and staff,” he said.
Speaking at the same event, NAPSA director of finance Chishala Tembo said the launch of the eNAPSA platform has been implemented to improve management of contributions and benefits information, enhance compliance and promote effective customer services,” she said.
Ms Tembo said eNAPSA will play a significant role in providing payment solutions to the members as the authority embarks on a campaign to extend coverage to domestic workers, bus drivers and other workers in the informal sector.
She said the authority appreciates the dynamics that obtain in the informal sector and looks forward to more innovative ideas from the banking sector to help implement solutions that will resonate with members.

 


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