Citiq Prepaid has introduced Citiq Advance, a new feature within its mobile application that allows tenants to obtain emergency electricity credit. The company's Managing Director, Melissa Naicker, described the initiative as a tool for providing users with greater control during financially difficult periods. This service enables immediate access to power tokens through the Citiq Tenant App without requiring credit checks.
Eligible users can receive an advance based on their historical electricity consumption. Repayment occurs automatically, with half of each subsequent electricity purchase value deducted until the balance is settled, alongside a transparent, upfront service fee. The feature is designed to help individuals facing temporary cash shortages avoid service interruptions.
With over one million prepaid meters already installed across various South African housing sectors, this financial technology addition is positioned to assist a significant number of people managing tight budgets and high living costs.
Eligible users can receive an advance based on their historical electricity consumption. Repayment occurs automatically, with half of each subsequent electricity purchase value deducted until the balance is settled, alongside a transparent, upfront service fee. The feature is designed to help individuals facing temporary cash shortages avoid service interruptions.
With over one million prepaid meters already installed across various South African housing sectors, this financial technology addition is positioned to assist a significant number of people managing tight budgets and high living costs.
