The AEDO (Authenticated Early debit Order) facility is based on the NuPay system which has successfully been operating in the Micro Lending market since 1999.

The basic functionality of AEDO is the same as the current version of NuPay with some differences. These include:

• All banks will eventually be available on AEDO.
• No combi cards will be accepted.
• No credit cards will be accepted.
• 3 day minimum loading for deduction (Wednesday for Friday Morning).
• Cardholders can request stop payment for future transactions.
• Re-presentments have stricter rules.
• Maximum installment value of R5000.00.

The changes for the current NuPay user will be seamless. There will not be any changes to the existing terminal software and only minor changed to the NuPay website. This means that there is no need for any reinstallation and training for existing users.
NuPay will still be able to provide mini statements on Absa accounts.

NuPay will also continue to integrate to most loan administration software programs.

NuPay will still continue to provide all our value added services that set us apart from all other service providers in this space.

For any further information, please call our Customer Relationship Department on (011) 617-1730.