Capital Bank partners Allied Oil to extend SpeedPay Frontier

Accra, Aug. 24, GNA – Capital Bank has
announced a partnership deal with Allied Oil aimed at making SpeedPay money
vouchers available in all Allied filling stations nationwide.

SpeedPay is a unique payment solution that
allows customers to conveniently deposit funds into their account through their
mobile phones.

It is simply a money voucher, which could be
used to make online payments by both customers and non-customers of Capital

Speaking at the ceremony to announce the deal,
Reverend Fitzgerald Odonkor, Managing Director Capital Bank, said the decision
to partner Allied Oil was largely driven by a desire to partner an ambitious
Ghanaian brand that places premium on innovative customer-focused solutions.

He said in the highly competitive and fast
paced world, banking is not just about developing customer focused solutions,
it is about developing innovative solutions that are superior to competing
solutions with speed and precision.

Rev Odonkor said the solution now known as
SpeedPay had evolved beyond a cash deposit solution and could be used by both
customers and non-customers to make payments online through various platforms.

Ms Eunice Brocke, Head, Retail and Personal
Banking, Capital Bank said SpeedPay previously called Speedbanking, provided
simple, easy and fast as well as convenient way to deposit money into the bank
and make payments online.

“The SpeedPay cards can also be used to pay
bills, purchase tickets for events and shop online currently on the following
platforms-M-Power, Knoxxi, Slydepay and Omanye,” she said.

She said the strategic partnership with Allied
Oil Ghana would enable the two businesses to grow together and make their
brands one of the strongest and attractive in the banking and the oil industry.

The partnership deal with Allied Oil would
enhance Capital Bank distribution channels of the flagship product to 51.

“Our strategy is to further increase the
distribution channels to over a 100 by the end of the year,” Ms Brocke said.

She said Capital Bank would continue to create
more unique solutions to delight customers and make retail banking charming.

Mr Elliot Mawuli Okudzeto, Managing Director
of Allied Oil, lauded the partnership between the two organisations and
expressed the hope that the collaboration would extend the boundaries of the
country’s cashless agenda.


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