On Wednesday, financial services provider in the cellphone industry ZAZOO, previously referred to as Net1 Mobile Solutions, launched its Utility Vending System at an event held in Cape Town.
This turnkey vending solution simplifies tariff management and consumer arrears collection, allowing utilities and municipalities to manage prepaid vending for electricity, water and gas meters more efficiently and cost effectively.
Managing Director of ZAZOO Philip Belamant said: “The system gives utility companies and municipalities the ability to manage and control prepaid vending to their electricity, water and gas meters in a turnkey solution.”
He added: “As a meter-agnostic vending solution, this means that utility companies have the freedom to choose their preferred meter technology without fear of changing vending systems.”
The Utility Vending System
The Utility Vending System is an enterprise-grade solution created for the management of prepaid services where high performance at high volume is essential, the South African company said.
ZAZOO explained that the solution includes a fully managed token distribution across multiple channels, management of meter keys with remote key loading, and high level security with identity-based access and password control, as well as role-based authorization to ensure system integrity.
In addition, the system provides a detailed transaction logging and comprehensive data reporting to give operators insights into trends and performance, equipping them to make the best business decisions going forward.
The Sub-Meter Vending System
Those interested in smaller installations will be able to make use of the Sub-Meter Vending System. This is self-contained and ideal for smaller vendors and resellers, such as residential body corporates and managing agents, ZAZOO said in a statement.
According to ZAZOO, the vending system offers detailed transaction reporting including data such as meter serial numbers, token generation and other information. In addition, users are able to configure their own filtering and sorting to offer the best possible insights into system management, including audit trails.
“The technology that makes the Utility Vending System secure and efficient is locally developed to respond to South African needs, although it can be adapted to the needs of utilities and their customers anywhere in the world,” Belamant said.
ZAZOO added that it is also working with mobile network operators (MNO’s) to offer the Utility Vending System Platform as a Service, to bring a secure solution to its customers whenever they need it.
Belamant added: “This makes it possible for utilities to use the MNOs’ comprehensive distribution channels, giving consumers the power to purchase electricity, water and gas whenever they need to, and wherever they may be.”