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December 12, 2018

JamboPay scoops top innovation award

JamboPay, the online payment services provider behind the automation of services in Nairobi county, has won most innovative Fintech company award. /FILE
JamboPay, the online payment services provider behind the automation of services in Nairobi county, has won most innovative Fintech company award. /FILE

JamboPay, the online payment services provider behind the automation of services in Nairobi county, has won most innovative Fintech company award.

The firm scooped the top prize during the Digital Inclusion awards ceremony held at the Intercontinental Hotel in Nairobi on Monday.

Fintech are computer programs and other technology used to support or enable banking and financial services.

The company beat a host of other local and international Fintechs among them Cellulant, Direct Pay & Kopo Kopo.

JamboPay enables businesses, governments and individuals to securely make and receive payments on web, mobile, partner banks and at its agent’s networks.

It has a network of 10,000 agents in across Kenya.

JamboPay provides payments to over 3,500 organisations in Kenya, Uganda, Tanzania and Rwanda. It has over 1.8 million subscribers to its e-wallet.

Several government and private entities have worked with the company to automate revenue collection. Nairobi City County government recently migrated most of its revenue collection services to JamboPay.

“This is a recognition of our continued focus in solutions provision to our customers “ said JamboPay’s chief finance officer Dominic Kosgei on the sidelines of the fete.

The county, which contracted the firm in 2014, has automated at least 58 out of its 128 revenue streams streams, thus increasing its revenue to over Sh14 billion last year from Sh7 billion in 2013.

Some of the services that have been automated include; Parking fees, building approval, single business permits, rates, food handling, market rents and billboards (advertising). 

The county has already announced plans to automate all the revenue streams to seal leakages associated with manual system.

On Monday, the county launched Sh1.3 billion data centre to support ICT platforms and activities in the city, including the digital payments of revenue.

"The public will enjoy payment solution from where they are, using their computers and mobile phones. Nairobi residents will be able to check their bills and pay for any service," Governor Mike Sonko said during the launch.

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