a. Collections: GIP is just like cash, but better. It is ideal for business collections because, it does not involve physical cash, yet the payment is instant and the seller or service provider has instant access to funds lodged in their bank account. It facilitates Manufacturer - Distributor / Distributor-Retailer / Retailer-Customer transactions based on the “Cash and Carry" business model.
b. Payments: GIP enables quick and fast payments to government, business partners, suppliers, service providers and individuals. It allows the payer's account to be debited instantly and the recipient's account credited instantly.
GIP is a lifeline to deadline payments!
Payment Options:
Business-to-Business (B2B) – Payment from one business entity to the other
Business-to-person (B2P) - transfer of funds from a business entity to an individual
Person-to-business (P2B) Ad hoc / regular payments from customers to business entities e.g. service provider.