Ardagh Glass Packaging–South Africa (AGP) has launched ‘money4glass’, an initiative that uses BanQu’s web-based technology to improve effectiveness within the company’s supply chain for recycled glass in South Africa. This will not only help the company to track and monitor all trades which ultimately bring cullet to its own production facilities but will also help to put money in the pockets of the recyclers in a faster, safer, transparent and more efficient way.

“This technology will enable us to identify traders, better understand the footprint of cullet recycling activity in the country and monitor the volumes of cullet traded in the different regions,” explains Thomas Shaw, Supply Chain Executive of AGP–Africa. “Importantly, it will also allow us to make glass recycling financially viable across the width and breadth of the country through the application of targeted incentives and to ensure that payments and incentives can quickly and efficiently reach all recyclers, but particularly the informal recyclers who are at the start of the recycling process.”

The easy-to-use BanQu platform is accessible on any internet-enabled device and records transparent transactions between registered buyers and sellers at all levels. Besides creating a formalised and transparent trading platform, the technology has several benefits for traders, for the business and for the government’s economic empowerment ambitions.

For traders, the technology allows transactions anywhere, anytime; enables electronic records and bookkeeping to replace paper or manual systems; offers instant cashless transactions to reduce the risk around cash and payments, which improves trust; and enables applicable subsidies and incentives to be paid quickly and easily.

www.ardaghgroup.com

money4glass.co.za