Paycode initiates social grant payment system with offline biometrics
Following a partnership with the country’s social services agency, Instituto Nacional de Acção Social (INAS), Paycode has created a biometric identity for some 18,000 citizens, data used for social grant payment authentication in areas that don’t have internet connectivity.
“The combination of biometric authentication and the ability to make payments offline in real time is a winning solution which meets all the criteria for successfully paying social grants in remote locations,” said in a prepared statement Rob Bakker, project manager for INAS.]
Last week, trucks distributed social grants to villagers.
Paycode’s CEO Ralph Pecker emphasized the company’s determination to leverage technology in facilitating financial inclusion. Paycode’s solution is used to pay more than four million government salaries, social grants, pensions and agriculture loans.
In 2018, Paycode partnered with Ingenico Group to support the roll-out of a secure biometric solution in Zambia which had been used to distribute $22 million in subsidies to rural areas within three months.