PayWithCapture 5.0 For Launch Tuesday

Access Bank has indicated it’s ready to launch PayWithCapture (PWC) version 5.0 for easier usage.

PWC is a mobile payment app that enables individuals to make payment for goods and services by scanning a pre-generated QR-Code.

With PayWithCapture, users can scan a QR code via phone camera at a merchant’s point of sale, as an alternative to paying via cards on POS terminals.

The service is in the same contactless payment cult as  PayAttitude that was launched by Unified Payments, a shared payments infrastructure for Nigerian commercial banks, in May. But this seems more streamlined with payments enabled sans NFC tags and limitations brought on by complementary bank accounts with participating banks.

The service allows for multiple payment channel linkage for the typical multi-banked Nigerian. A user can register more than one card/account on the app and can navigate the payment as desired by selecting a single card/account to pay with, or spread a payment across multiple cards and also sports an offline capability via encrypted background USSD and SMS that can obviate transaction breakdown due to network downtime.

According to the bank, the application also works with the beacon technology and NFC that prompts a user to pay without contact once the user is in merchant’s location that supports PayWithCapture.

“This is a massive step forward in ambient context identification, as beacons allow for background positioning and detection,” the company says.

The company is touting a streamlined marketing drive that can leverage the PayWithCapture beacon and NFC technology such as personalized content and advertising.

Different payment instruments can be linked to the app such as any bank's card (Master, Visa or Verve), Access Bank account and user’s mobile wallets.

PayWithCapture works offline i.e. if you do not have internet on phone you can still use the app to make a payment.

According to Access Bank, PWC 5.0 is an upgraded version for faster and secured way to make payments online and offline via secured SMS and USSD channels, among others benefits.