Mobile Standing Orders

The TransFlow Standing Orders (TSO) is a solution, which enables institutions to create standing orders on customers’ accounts using the Mobile Money service. The standing order (mandate) is an automated recurring payment set up by the institution for payment by the customer. The customer is expected to approve an initial one-off mandate, using his/her mobile phone. Subsequent payments by the customer are automated. An approved mandate takes effect immediately and will continue till the mandate expires (ends). The organization manages the frequency and amount expected to be paid by the customer.

The solution can be used for the payment of insurance premium, high-purchases, lay-by purchases, repayment of loans etc.