The Capital Bank in partnership with Allied Oil has relaunched its money voucher, SpeedPay, which allows account holders to conveniently deposit funds into their accounts through their mobile phones or internet banking.
The SpeedPay, previously called ‘Speedbanking’ was developed and introduced in 2011 to facilitate cash deposit into customers’ savings and current accounts.
The SpeedPay cards can also be used to pay bills, purchase tickets for events and shop online on the following platforms – M-Power, Knoxxi, Slydepay and Omanye,
Speaking at the launch in Accra, Managing Director and Chief Executive Officer of Capital Bank, Rev. Fitzgerald Odonkor said banking is not just about developing customer focused solutions but also about developing innovative solutions that were superior to competing solutions with speed and precision.
“This orientation has been our guiding principle from inception and culminated in Capital Bank becoming the first financial institution to develop a solution that made it possible for customers to deposit cash into their bank accounts through their mobile phones,” he said.
“This solution now known as SpeedPay has evolved beyond a cash deposit solution and can be used by both customers and non-customers to make payments online through various platforms,” he explained.
He said the decision to partner Allied Oil was not only informed by the bank’s decision to practically extend banking halls and banking hours, but was also largely driven by a desire to partner an ambitious Ghanaian brand that places premium on innovative customer-focused solutions.
Head of Retail Banking at Capital Bank, Eunice Brocke for her part, said Capital Bank kept evolving every day and every time, with the ambition of making banking easier, more accessible and reachable to all Ghanaians.
The Managing Director of Allied Oil, Elliot Mawuli Okudzeto, was optimistic that the partnership deal would enhance the quest for a cashless economy.