smartPay is the next-generation payment aggregation platform with an automated workflow of payments. It is an efficient solution to have centralized payment collection on bank aggregation. smartPay offers Institutions a complete solution for online payment collection with the collaboration of 1Link, which is secure, fast, reliable, and convenient. smartPay takes care of online as well as offline payment collection requirements, sending reminders and notifications, generating digital receipts, day-to-day reconciliation, and settlement, and comprehensive MIS reporting.
- This is a modern way of making safe and secure payments at the comfort of their homes without the hassle of physically visiting payment collection points, ending up in long queues wasting time and efforts, whereby all can be taken care of by simply registering with smartPay aggregation platform as member institution, and start collecting fees using various delivery channels (DCs) offered by various banks.
- including:
- Internet Banking
- Phone banking
- ATM
- POS terminals network (placed with cards acquiring merchants)
- Mobile Banking
- Call Centers/ IVR Banking
- including:
- Only the 1LINK (Guarantee) Limited is Pakistan’s first PSO/PSP, the largest payment and switch system provider. It is administering and evolving a strong e-payment network in the country to enable efficient, real-time transactions. Along with providing diverse online banking services, 1LINK is involved in the development and operations of the Inter Bank
- Indisputably, with the passage of time, the share of electronic channels in bill payment will only grow like with any other payment type where electronic payments will assume a greater market share.
- smartPay is best positioned to leverage on such growth in electronic payments given its captive channel relationship with banks in Pakistan that are also the largest electronic payment services provider.
Regardless of the volume of transactions through electronic channels and their certain growth, no one can afford to ignore electronic channels as such channels also represent significant customer convenience that can even impact customers’ choice of anyone over others.
