TPS and 1LINK have entered into an agreement to overhaul 1LINK’s existing Bill Payment Service (BPS) in Pakistan. 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 should lead to wider acceptance of the service while reducing the cost for the banks.
1LINK BPS plans to bring service providers from all verticals on its platform including utilities, telecoms, academia, hospitals, transportation and P2G payments. Time and cost of adding billers at banks has been a challenge that this partnership aims to resolve.