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eFactory simplifies electricity payments in Nigeria

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Home Tech News Africa Tech News

eFactory simplifies electricity payments in Nigeria

Modupeoluwa Olalere by Modupeoluwa Olalere
February 23, 2023
in Africa Tech News, Business, Business Strategy, Editors Pick, Entrepreneurship, Innovation, Startups, Tech News, Technology
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eFactory simplifies electricity payments in Nigeria
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Online electricity payments in Nigeria are made simple through the eFactory platform. The business has chosen to use technology to address a fundamental power management problem because Nigeria’s electricity supply and payments are beset by several challenges.

As a tech company, it gives electric utility providers and their customers a platform that makes it easier to track, manage, and distribute electricity. People can buy tokens for their prepaid and postpaid electricity meters and pay for them right away using the web and mobile apps.

For a Nigerian electricity distribution firm, eFactory developed a unique payment and token management system. Through the web app, the distribution company could receive payments and distribute tokens. Over time, the program lowered the disco’s overhead and simplified client electric meter recharges.

Read also: The Remarkable Growth of Nigeria’s ICT Sector

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Metering and the eFactory App

eFactory’s Android and iOS software lets customers buy tokens for meters from up to nine power distribution firms, simplifying power management in Nigeria.

“Leveraging our experience, we created the eFactory app. Customers bought, dispensed, and managed their electricity via the eFactory App.”

“Our customers can also track their usage and purchase histories, request smart meters, recharge their smart electricity meters over the air, and more.”

The company currently services nine Nigerian electricity distribution companies. This allows users to buy power tokens for prepaid and postpaid meters of the following companies: AEDC, EKEDC, Ikeja Electric, IBEDC, Kaduna Electric, Jos Electric (JED), PHED, KEDC, and EEDC.

The eFactory metering system helps estate management and facility managers assign smart power meters to inhabitants, control utility usage, generate electricity tokens, and monitor consumption with each building’s electricity meter.

With a prepaid system, the solution handles all electricity money recovery. Residents of the estate will use electricity on a “pay as you go” basis and pay for it upfront, lowering the risk and anxiety associated with bill inconsistencies.

This one-of-a-kind vending machine is the pioneer of its industry. Clients, such as landlords, property owners, developers, and managing agents, as well as residents, are given the ability to view detailed reports for the purpose of efficiently tracking and monitoring utility use.

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This estate metering system gives estate managers and facility managers the ability to handle private estates and apartment utility management, respectively.

You don’t need an eFactory account to buy electricity units. You only need your phone number to buy the electricity token on the website.

Also, you can download the eFactory app from the Google Play Store and the iTunes Store to purchase power tokens and monitor your energy usage while on the go.

Tags: eFactoryElectricityPayments
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

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