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Lagos State appoints Heritage Bank as revenue collection bank

By on August 19, 2013

Heritage Bank has been appointed as a Lagos State revenue collection bank using the Lagos State Electronic Banking System of Revenue Collection and Monitoring (EBS-RCM) payment platform.

This is coming on the heels of similar mandates from other corporate organisations and institutions such as the Nigerian Customs Service, Oyo State Government, PHCN Eko Distribution, PHCN Ikeja Distribution and DSTV/Multichoice.

The Lagos State Mandate empowers Heritage Bank to receive from the public on behalf of the state, payments, fees and levies such as withholding tax, PAYE, Ministerial Miscellaneous, Land Use Charge, Business Premises Registration Charge, Capital Gain Tax, Tax on Account in Hotels, Tax on drinks in bars, Tax on other transactions, Vehicle licensing/fine/fees and FRSC Number Plate fees, among others.

With its recent globally acclaimed 50-day world record successful deployment of the Finnacle 10 banking software as well as other on-going massive investment in building a nimble electronic banking system backbone, Heritage bank has remained at the forefront of effort to establish a robust branchless banking and highly technology-driven economy, while promoting business efficiency across many frontiers.

Commenting on the significance of the Lagos State Mandate and others like it, Heritage Bank’s Executive Director, Niyi Adeseun noted that “Heritage Bank commenced operations March 4, 2013 with a philosophy to offer banking services with guaranteed convenience riding on the platform of simplified service innovation, leading technology solutions and experience driven relationship management. Our corporate vision captures the essence of our institutional aspiration of creating, preserving and transferring wealth across generations.

As a niche Bank that is established on the premise of innovation, partnership and sustainability, the various mandates are strong testimonials to the direction in which the bank is headed”.

Speaking further, he said, “As a timeless wealth partner that seeks to help our customers build, transfer and preserve their wealth, we are committed to ensuring that through all the various mandates, we not only deliver maximum value but more importantly, revolutionise how duties, tolls are collected in the country. The paying public will enjoy more ease, zero time wasting and absolute support that our highly technology driven environment and systems are built around”.

 

 

 

[Vanguard]