Kolomoni, the digital banking platform and subsidiary of CapitalSage Technology, has launched Snap and Pay and Schedule Payment, which are two new features to simplify digital banking for its users.
The additions are designed to streamline everyday financial tasks, enhance convenience, and minimise transaction errors, according to the firm.
“The Snap and Pay and Schedule Payment features enable our customers to manage their finances efficiently while focusing on what truly matters in their lives,” said Simbiat Kazeem, head of personal banking at Kolomoni.
The Snap and Pay feature utilises optical character recognition (OCR) technology, allowing users to simply take a photo of an account number. The app automatically extracts the banking details, eliminating the need for manual data entry.
The Schedule Payment feature allows users to automate recurring financial commitments, including bills, subscriptions, and family transfers. This ensures timely payments and helps users avoid the stress of remembering deadlines.
Kolomoni Microfinance Bank, which operates in Nigeria and The Gambia, stated that these innovations strengthen its position in promoting financial inclusion by combining technology with practical banking needs to offer users greater control, accuracy, and peace of mind in their financial transactions.
