Commenting on the development, Mohammad Yahya Khan - CFIO and CDO Telenor Microfinance Bank, said, "It is heartening to be part of the collaboration between one of the largest commercial banks in G2P
and P2G space and the largest branchless banking organisation that is set to transform the country's financial outlook through providing digital convenience for payments and thus inclusion of marginalised segments into Pakistan's mainstream banking and financial system.
190) The RBM had also shown an interest in encouraging the use of electronic payments systems for G2P
National Bank has dominated the G2P
market for years.
Because of their ability to scale while keeping operators as productive as possible, Conner says G2P
systems can keep staffing levels consistent even through seasonal spikes in business--not to mention the ebb and flow of a single day's orders when geared toward rapid fulfillment and delivery schedules.
The government's purchase of rice through the G2P
scheme is covered by Republic Act 9184, or the Government Procurement Reform Act, which provides that the lowest bidder would be named as supplier.
Mudassir Khan speaking at the occasion highlighted the need for automation and digitization in all Federal and Provincial Government Collection/ Payment services and said that "NBP is in process of developing systems for digitization of all G2P
and P2G Payments.
DigitalPass, which serves the financial, corporate & retail sectors, caters to the B2B, B2C, G2P
and P2P segments for their payment acceptance and transactional requirements.
NBP now aims to develop an eco-system in collaboration with all market players to deliver financial products, especially P2G and G2P
services, the bank statement said.
PayPak is the ideal solution for Sindh bank to design their G2P
programs and target un-served population with a low cost card.
Karandaaz Pakistan is to provide technical support for BOP's G2P
and P2G projects.
This collaboration is part of NBP's strategy to facilitate customers by developing a National Payment Eco-System allowing customers to avail any P2G and G2P
services 24/7 through all available Digital Channels"