Serving as financial adviser, FNB Corporate and Investment Banking (CIB) enabled the digital transformation ambitions of water utility company, Lusaka Water and Sewerage (LWSC).
What was the problem?
Lusaka Water and Sewerage Company sought a solution to ease the process through which Lusaka residents would pay their water bills via digital channels.
What solution did FNB CIB provide?
FNB served as transactional banking adviser to LWSC, drawing on its Receipt It solution to ensure efficient financial transactions. FNB’s solution furthermore enhanced their customers’ digital payments experience and fast tracked the organisation’s digitisation.
Receipt It is designed to provide real-time electronic notifications of all financial transactions posted to a nominated receipting account. It allows businesses to immediately update their line-of-business system and execute accordingly.
What proven results can be showcased?
This solution simplified LWSC’s customer’s payment process and invigorated the public sector entity by introducing a new, innovative product and market competition.
| Client |
Lusaka Water and Sewerage |
|---|---|
| Sector | Public Sector |
| Capability | Receipt it |
| Result | Accelerating digitisation of operations |
Serving as financial adviser, FNB Corporate and Investment Banking (CIB) enabled the digital transformation ambitions of water utility company, Lusaka Water and Sewerage (LWSC).
What was the problem?
Lusaka Water and Sewerage Company sought a solution to ease the process through which Lusaka residents would pay their water bills via digital channels.
What solution did FNB CIB provide?
FNB served as transactional banking adviser to LWSC, drawing on its Receipt It solution to ensure efficient financial transactions. FNB’s solution furthermore enhanced their customers’ digital payments experience and fast tracked the organisation’s digitisation.
Receipt It is designed to provide real-time electronic notifications of all financial transactions posted to a nominated receipting account. It allows businesses to immediately update their line-of-business system and execute accordingly.
What proven results can be showcased?
This solution simplified LWSC’s customer’s payment process and invigorated the public sector entity by introducing a new, innovative product and market competition.
| Client |
Lusaka Water and Sewerage |
|---|---|
| Sector | Public Sector |
| Capability | Receipt it |
| Result | Accelerating digitisation of operations |
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