Over[BK1] the past five years, digital payments in Pakistan have made big strides as the country now boasts over 17 million mobile and 11m internet banking users, in addition to almost 60m branchless retail m-wallets. Despite this progress, a significant opportunity remains untapped, as most of these customers primarily utilize online payment for fund transfers, while other use cases get left behind.
Bill payments are a great example: as the country gets younger, consumers demand convenience and efficiency when it comes to managing their bills. No one has the patience or time to stand in queues for hours to submit their challans for five types of services every other week. It’s something businesses must come to terms with.
This highlights just how big the gap, and therefore the opportunity, is for both businesses and financial institutions in digitising Pakistan’s bill payments. But doing so requires both technological infrastructure and network. Luckily, 1BILL has taken care of all the mundane processes and allows organisations to accept bills digitally within seconds.
1BILL is a unified bill payments platform by 1LINK that allows customers to take care of all their dues, from school vouchers to taxes, under a single roof. No longer do you have to feel anxious about waiting in queue to make your payments as the deadline approaches. From a user’s perspective, it really simplifies the experience by not only eliminating the need for downloading any additional app, but also reducing the number of screen flows. Simply enjoy the peace of mind that comes with secure online payments and do away with the risk of carrying all that cash.
It’s a win for everyone involved. Member banks can pass on these benefits, as well as 1LINK’s network of 2,700+ billers, to their customers through a one-time integration and add more billers subsequently without any hassle. For billers, the advantages are countless as 1LINK’s strong connections with financial institutions allow their customers to make seamless and timely payments from their platform of choice without having to download ten different apps. In the first six months of 2024, 1BILL processed more than 441M billing transactions worth PKR 6 trillion, signifying the trust users place in 1BILL for their payment needs.
Imagine a small hospital in Saddar now available on every bank’s app and to more than 16 million registered mobile[SK2] and 10M internet banking users. This does not only[SK3] improve cash flow but reduces workload for existing staff whose precious hours are spent managing and reconciling cash payments. With 1BILL, you can keep track of all your transactional data through a simple platform and use those insights to earn customer loyalty.
Whether you are an educational institution, a hospital or a government organization, 1BILL is your ultimate partner to take care of all the billing needs. Don’t get left behind and partner with 1LINK to make the transition today.
[BK1]We should start from here
[SK2]Internet &
[SK3]Does not only
