Cashless Economy: PHCN Begins e-Payment In PH

The Power Holding Company of Nigeria (PHCN) has commenced the use of cashless policy of the Central Bank of Nigeria in the settlement of electric bills.

This was made known yesterday in Port Harcourt during the customers consultative council forum, where customers were enlightened on the use of electronic device to settle their PHCN bill.

Speaking during the forum, the assistant General Manager, Finance of PHCN in the state, Mr Okechukwu Tasie said the company is partnering with Fin Bank to execute the e-payment.

Tasie noted that any payment made to Fin Bank through cashless policy will get to PHCN, adding that the device will reduce the burden of PHCN.

Enlightening the customers of PHCN, the group head, E-Business of Fin Bank, Mr Segun Falana commended Port Harcourt PHCN for being the first to apply the cashless policy.

Falana who x0ray the benefits of the cashless policy, stated the need for all the companies and the society to embrace the cashless policy as it will reduce fraud and increase customers satisfaction.

He said that e-payment will also make PHCN’s bill settlement faster, adding that customers can now pay their bills through point of set (POS), flash me cash, quick tell and internet banking system.

Also speaking, the business manager of PHCN, Engr F.A.Nnegbu stressed that the era of having light without metres are over, adding that PHCN is working round the clock to ensure that most complaints of customers are handled.

He reiterated that customers should ensure that PHCN officers read their metres before releasing the bills.