CEBU, PHILIPPINES: THE Visayan Electric Company (Veco) started offering prepaid electricity yesterday. The City of Naga was identified as the pilot area for the voluntary new program.
The Jamaica Public Service Company (JPS) says more than 900 Jamaicans have already signed up for its prepaid billing service.
With the prepaid system, persons are able to use electricity on a pay as you go basis.
Currently the Prepaid Billing Service is only being offered to customers living in Kingston and St Andrew and St Catherine.
Head of Marketing and project manager for the Pay As You Go Project at JPS, TishanLee, says with the new system, customers are able to control how much they pay each month for electricity.
Mobile payments are displacing cash at an even higher rate in developing countries. The increased adoption of smartphones could result in US$1-trillion of mobile payments worldwide by the end of 2015. With smartphones replacing cash, utilities need to take another look at how they invoice and collect from their customers.