4C Group announces successful deployment of iNSight Payment Gateway to support mobile payments
4C Group's iNSight Transaction Switch (TxS) was successfully deployed at leading mobile operator, Vodacom Lesotho. Vodacom currently boasts in excess of 1 million customers.
The iNSight TxS has been deployed as a payment gateway for mobile payments such as DSTV subscriptions and electricity and water utilities, with many more services to follow. The service has had a successful high rate of adoption since its launch in February 2015. Many customers are realising the benefits of mobile payments due to its ease of use, convenience and security features.
Customers can pay for their subscription services from their mobile money accounts without having to outlay cash for every transaction and stand in queues to pay. They can subscribe to these services at any time and at any place. The service providers see benefits too, as the cash collection issues are reduced and building large distribution networks is no longer necessary. As more and more services embrace the online mobile world, efficiency is created in the value chain for both consumers and service providers.
The iNSight TxS has been the culmination of many years of investment in research and development in products for mobile financial inclusion; the iNSight TxS was installed, integrated and commissioned in a record time.