Stanbic Bank, Kenya Power Post-Paid Electricity Bill Management
Stanbic Bank is offering an online payment solution to help Kenya Power’s commercial customers to manage and settle their post-paid power bills anywhere, anytime.
The service, dubbed Corporate Pay, enables medium to large commercial customers to manage and have oversight of all their post-paid electricity bills. It is especially relevant for customers with multiple premises and branches as it enables them to consolidate due amounts from multiple accounts in order to generate one e-slip for single payment with real time credit to the multiple accounts.
According to Joe Alaro, Head Transactional Products and Services, Stanbic Bank Kenya, Corporate Pay has been designed to help businesses and institutions better manage their accounts and minimise disruptions to their operations. Manual management of multiple accounts often leads to late or missed payments and subsequent power disconnections that impact negatively on productivity.
In addition, the bank also offers clients multiple payment platforms accessible to both Stanbic Bank customers and customers of other banks at their convenience i.e. Mpesa, Online, RTGS, cash or Cheque deposits into the Kenya Power account.
