Altron FinTech - NuPay

For over 28 years, NuPay, a division of JSE-listed Altron has been working closely with banks and merchants offering authenticated payment and collection solutions. Altron respects your privacy - refer to the Altron Privacy Policy (https://www.altron.com/privacy-policy/) for details on how Altron collects and uses your personal information, with whom we share it, and your choices and rights in relation to your personal information. By providing your personal information to Altron you are providing consent for the processing of your personal info. Nowadays, more South Africans agree that debit orders are a more convenient way to pay their accounts, saving them time and effort. There are essentially two types of debit orders: standard debit orders and early morning debit orders (EDO). EDO consists of non-authenticated early debit orders (NAEDO) and authenticated early debit orders (AEDO), with AEDO significantly entrenched in NuPay's DNA, especially in the unsecure lending market. However, collecting fees can be a tedious and costly process for many – from compliance, customer disputes, to debit order abuse. Today we can see an increase in retailers and other service environments adopting this payment technology into their environments. For retailers, AEDO has proven to be a successful way of offering lay-bys and extended payment terms to assist their customers with high-value purchases. Insurance companies, gyms, veterinarian and medical fields are also using AEDO to collect their monthly premiums offering their customers more flexible payment terms. NuPay is also DebiCheck ready, working closely with our merchants, banks and industry stakeholders to ensure customers debit orders have only been authorised with their consent. Our real-time point-of-sale and e-commerce solutions allow merchants across industries to collect their debit and credit card transactions anywhere, anytime through a variety of fixed and mobile solutions. Your payments, your authorisation!