Product Overview

To Merchant
• Ease of collection is assured.
• Retrial feature to debit unsuccessful mandates 10 days after due date.
• Reduction of administrative work and manual processing.

To Payer
• Ease of Payment.
• Notification via email of debit.

• Set up Fee – NIL
• Transaction Fee –N53.75 flat fee per transaction (including VAT)

Sign up Process

A Biller or merchant will need to provide the following:

• A duly executed Z-MANDATE Application Form
• Service level Agreement Form.
• Indemnity

• Merchant signs up on the platform
• Uploads a mandate received from subscriber with necessary information.
• The bank approves the mandate uploaded.
• The subscriber gets debited the exact amount at the exact date(s) stated on the mandate.
• The Merchant’s account is credited immediately.