In an important move for mass scale adoption of digital bill payments in Pakistan, TPS and 1LINK have entered into an agreement to overhaul 1LINK's existing Bill Payment Service (BPS). The objective of this partnership is to modernise the existing bill payment infrastructure by facilitating and accelerating the process of onboarding new billers on 1LINK BPS as well its members' digital channels. This will lead to wider acceptance of the service while reducing the cost for the banks. Both TPS and 1LINK consider this service to play a pivotal role in creating a less-cash economy by providing convenient and omni-channel options to customers so they can pay their bills, anytime, anywhere.
1LINK BPS plans to bring service providers from all verticals on its platform including utilities, telecoms, academia, hospitals, transportation and P20 payments. Time and cost of adding billers at banks has been a challenge which this partnership aims to resolve.
Speaking on the occasion, Najeeb Agrawalla, CEO-1LINK, said, "1LINK has been at the forefront in providing BPS solutions to financial institutions, creating value and convenience for the consumers and contributing towards the economy. This arrangement will act as a catalyst in promoting digital bill payments as all major banks which are already integrated with TPS' BPS can now be integrated seamlessly with the new 1LINK BPS."
Shahzad Shahid, CEO-TPS, commented, "TPS believes in a less-cash economy. Making billers available on the banks digital channels is going to offer a more convenient and faster alternate to paying cash. TPS' continuous investments in technology have helped us develop scalable, secure and flexible payment platforms which will allow us to add hundreds of billers every year."-PR
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