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Tantalus (TSX:GRID) and PayGo sign partnership agreement

Energy, Market News, Technology
TSX:GRID
23 March 2023 12:17 (EDT)

Source: Tantalus.

Tantalus Systems (GRID) has entered into a partnership agreement with PayGo.

PayGo is a a payments technology company that offers a fully integrated utility billing and payments system called PayGo Cloud CIS, as well as a comprehensive prepay solution known as PayGo Prepay.

PayGo Cloud CIS is a single solution for prepay, post-pay, and payment processing, while PayGo Prepay is a standalone complement to a utility’s existing CIS that helps customers reduce consumption, pay off debt, and budget for their utility bills.

Through the partnership, utilities will be able to leverage the granular interval data captured and analyzed through Tantalus’ smart grid platform to improve customer service by enabling consumers to budget for their usage of electricity, water, and gas.

Utilities contemplating a future CIS replacement can deploy PayGo Prepay initially and evolve to PayGo Cloud CIS over time.

The joint solution will allow utilities to offer improved customer service and flexible payment solutions to the communities they serve, as well as proactively educate consumers on usage to improve the return on investment being made to upgrade metering infrastructure.

The partnership will be presented at Tantalus’ Users Conference from April 3rd to 6th in Louisville, where PayGo will be a Gold Sponsor.

Tantalus Systems is a smart grid technology company.

Tantalus (GRID) opened trading at $0.82.


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