eTranzact Introduces Software Application for Banks


Emma Okonji

eTranzact, an online payment platform, has develop another software application that will ease financial transactions in banks.

Called BankIT, the solution allows bank customers to make paying directly from their bank accounts, using their mobile devices.

According the Chief Executive Officer of eTranzact, Valentine Obi, BankIT was introduced by a desire to build payments product that everyone would truly love and easily use, whether as a bank, a trader in Alaba setting up a website, a web hosting company selling to domain registrants, payments gateway already deployed on merchant websites, an e-commerce website or as a direct consumer.

“BankIT was launched by eTranzact quietly last year, enabling airtime purchase directly from bank accounts on USSD, *444# , *805# and *695# on Airtel , Glo and Etisalat respectively, with over 500,000 customers using it to date,” Obi said.

The essence of developing BankIT, is to eliminate the need to use cards, hardware tokens or visit any bank branches by securely integrating with banks and allowing customers access their bank accounts via USSD or BankIT-powered platforms.

According to Obi, “BankIT has been developed with the philosophy of making payments simple and accessible for Banks, the merchant and the customer. The solution is customized for ease of use and comes with a strong and reliable security mechanism that protects customers against fraud. We have launched the product to great success with a few partners, and we are ready to open it up for more people to enjoy.”

Speaking on the usage of the financial solution, Obi said with BankIT, customers can now pay your DSTV subscription directly from their bank account on USSD via *389*9*Smartcard Number#, buy airtime directly via *444#, *805# and *695# on Airtel, Glo and Etisalat respectively or via the JustTopUp mobile app on the Google Play store, buy any mobile device online on and many other partner platforms.

He said developers, website or app owners, could start using BankIT to accept payments by filling a form on to talk to an eTranzact Payments consultant, or emailing with the exact product needs, and getting all the information needed about the product.

Specifically designed for ease of use and with utmost security in mind, the payment mechanism is for anyone with a bank account. BankIT is the cardless future of transactions. It opens the opportunity for everyone to pay everywhere.