Electronic Pre-Paid or EVD is a modern and cost effective method to distribute Mobile Pre-Paid airtime and recharge voucher PIN’s. It is a technology and solution that has been developed due to the many downfalls of the current physical Pre-Paid foil card (scratch cards) distribution and the frustrations that merchants and distributors of airtime cards.
The industry suffers from the following downfalls:
- Expensive production cost for Mobile Operators
- Complicated and expensive logistics
- Difficult and Expensive distribution strategies
- High-risk distribution methods
- Financial risk and fraud for Cellular Mobile Service Providers and the Merchants
- Time delays and late deliveries to remote merchants
- High stockholding
- High shrinkage
- Difficult stock and financial management
- Complicated Fraud traces
Virtual Pre-Paid is the New Generation Technology to host, distribute, sell and manage cellular pre-paid voucher PIN’s. The Serialised Voucher PIN’s normally called scratch card are electronically supplied by the Operator, warehoused and distributed within a secure, encrypted and managed distribution environment.
The benefits associated with EVD distribution include the following:
- No production cost of scratch cards
- Simple distribution of stock through mobile operators to their multiple channels
- Minimal lead time – Speedy distribution
- Minimal capital outlay - Minimal stockholding
- Increased stock control - Lower or no shrinkage
- Convenience, accessibility in remote areas
- Ease of use for the merchant and the consumer
- Consumer still has proof of his purchase in the form of a paper slip or notification via SMS
- Easy financial control and Audit trails to distributors, electronic journals, back up’s
- Secure software system to manage, reconcile and consolidate the business
- Stock protected by encryption until vended