Overview
Afya X has partnered with LOOP (powered by NCBA Bank) to deliver secure, automated, and scalable payments across the Afya X marketplace. Through this partnership, buyers get a PSP-backed wallet for funding orders, sellers receive guaranteed payouts after delivery confirmation, and agents are paid commissions seamlessly. Afya X does not hold customer funds or extend credit; payments and credit services are provided by LOOP/NCBA under their regulatory framework.
Why this matters: Healthcare procurement requires trust, speed, and traceability. The AfyaX-LOOP integration turns those requirements into standard operating procedure - every order is fully tracked, funds are safeguarded, payouts are automated, and records are audit-ready.
What Each Party Does
Afya X
- Verifies licensed entities, orchestrates ordering and fulfillment via ERP.
- Triggers payment events (reserve, release, refund) based on order status.
- Deducts Afya X commission automatically at payout (via PSP netting).
- Syncs transactions to accounting and reporting systems.
LOOP (Payment Service Provider)
- Provides buyer and seller wallet/settlement accounts.
- Holds and routes funds, executes disbursements/refunds.
- Provides statements, webhooks, and reconciliation artifacts.
- Offers working-capital/credit assessment and servicing.
Buyers
- Fund wallets, place orders, confirm delivery, access statements.
- May become eligible for credit with LOOP after sustained activity.
Sellers
- Accept orders, fulfill and update status in AfyaX ERP.
- Receive net payouts automatically after delivery confirmation.
Agents
- Onboard/train buyers, support usage, receive automated commissions.
End-to-End Payment Flow
1. Wallet Funding (Buyer)
- Buyer tops up AfyaX wallet via LOOP (bank rails/mobile money).
- Funds appear instantly or near-real-time; statement is updated.
2. Order Placement
- Buyer selects products (multi-supplier supported) and submits the order.
- AfyaX ERP validates stock & SLA; funds are reserved (not yet paid out).
3. Fulfillment and Confirmation
- Seller processes, ships/delivers, and updates status in Afya X ERP.
- Buyer confirms delivery (or system auto-confirms per TAT policy).
4. Automated Disbursement
- Afya X triggers payout instruction to LOOP.
- Afya X commission is auto-netted by the PSP; seller receives the net.
- Each supplier in a multi-supplier order receives their portion.
5. Refunds / Exceptions
- If an order (or line) fails or is cancelled pre-delivery, the reserved funds are released back to the buyer wallet.
- Partial refunds are supported at line level where applicable.
6. Reconciliation & Reporting
- LOOP sends webhooks and daily statements.
Credit with LOOP (Working Capital)
- Eligibility: Buyers that transact consistently for ~6 months may be assessed by LOOP for a credit line.
- Use: Approved credit can be drawn at checkout to fund orders (subject to LOOP terms).
- Servicing: Repayments and statements are managed by LOOP; Afya X provides order-level context for transparency.
Note: Credit approval, limits, and pricing remain at the discretion of LOOP/NCBA.
Security, Compliance & Data Handling
- Regulated rails: Funds move on bank-regulated infrastructure (LOOP).
- KYC/AML: Buyer and seller KYC are enforced; suspicious activity monitoring is handled per PSP policy.
- Data minimization: Only essential identifiers are exchanged; sensitive data is encrypted in transit and at rest.
- Auditability: Every payment event is linked to an order ID, timestamps, and user actions - full audit trail across Afya X ERP and PSP statements.
Operational SLAs & Resilience
- SLA-driven payouts; Payouts are triggered on "Delivered/Completed" status (or buyer confirmation), ensuring pay-on-performance.
- Downtime handling: If PSP Services are degraded, orders proceed; payment instructions queue and execute when rails are restored.
- Chargebacks/Disputes: Managed within Afya X's dispute flow; wallet-level reversals/refunds are executed through LOOP when approved.
Benefits by Stakeholder
Buyers
- Faster, simpler checkout with a funded wallet or LOOP credit.
- Transparent status & statements; easier budgeting and audits.
Sellers
- Guaranteed, automated payouts once delivery is confirmed.
- Fewer manual reconciliations; instant visibility on receivables.
Agents
- Automated commission payouts to LOOP-linked wallets.
- Performance dashboards and ticketing to support their portfolios.
Afya X
- Commission netting at source; clean revenue recognition.
- Reduced payment risk; scalable automation across regions.
How This Supports Afya X's Compliance Posture
- Licensed trading only: Payments are tied to onboarding/verification workflows; only verified entities transact.
- Transparent Settlement: End-to-end traceability from order to payout aligns with audit and regulatory expectations.
- Data governance: Role-based access, encryption, and event logs support obligations under Kenya's data and digital-health frameworks.
Roadmap
- Deeper APIs & webhooks: Expanded event coverage for real-time accounting sync and exception handling.
- Agent mass-payouts: Batch/programmable commission disbursements.
- Enhanced credit journeys: Pre-approved limits at checkout (subject to LOOP policy) and tailored financing offers.
Summary
The AfyaX-LOOP partnership brings bank-grade payments, automated settlement, and optional working capital into the heart of healthcare procurement. It reduces friction, safeguards funds, and scales with demand - so licensed buyers and sellers can focus on what matters; getting quality healthcare products to the right places, on time.