Lagos State appoints Heritage Bank as revenue collection bank

Heritage Bank has been appointed as a Lagos State revenue collection bank using the Lagos State Electronic Banking System of Revenue Collection and Monitoring (EBS-RCM) payment platform.

This is coming on the heels of similar mandates from other corporate organisations and institutions such as the Nigerian Customs Service, Oyo State Government, PHCN Eko Distribution, PHCN Ikeja Distribution and DSTV/Multichoice.

The Lagos State Mandate empowers Heritage Bank to receive from the public on behalf of the state, payments, fees and levies such as withholding tax, PAYE, Ministerial Miscellaneous, Land Use Charge, Business Premises Registration Charge, Capital Gain Tax, Tax on Account in Hotels, Tax on drinks in bars, Tax on other transactions, Vehicle licensing/fine/fees and FRSC Number Plate fees, among others.

With its recent globally acclaimed 50-day world record successful deployment of the Finnacle 10 banking software as well as other on-going massive investment in building a nimble electronic banking system backbone, Heritage bank has remained at the forefront of effort to establish a robust branchless banking and highly technology-driven economy, while promoting business efficiency across many frontiers.