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Govt organizations to be fully digitized soon.

ISLAMABAD -- Pakistan Telecommunication Authority (PTA) has been digitizing government payments to reduce delivery costs, connects citizens to digital financial systems, cuts leakages, improves transparency and reduces the risk of government payments being made to fake recipients.

PTA and Government department have taken initiatives to digitize Person to Government (P2G) and Government to Person (G2P) payments to enhance efficiency and convenience.

An official told reporter that many government departments have geared up for digitization of payment National Bank of Pakistan (NBP) has been developing a comprehensive Digital Strategy to digitize its government payment (G2P/P2G) flows through multiple digital channels in order to enhance efficiency and convenience for both the Bank and its customers.

In the next phase, NBP will install a payment aggregator and will also develop a mobile financial services platform. It is expected that Rs. 3 trillion worth of P2G transactions and Rs. 1.5 trillion worth of G2P transactions per year can be digitized.

Pakistan Post has one of the oldest and largest distribution networks with unparalleled penetration into rural areas. Pakistan Post in collaboration with other stakeholders is building a road map for digitization of its money order service. It is expected that 4 million savings accounts customers of Pakistan Post will be digitized.

Benazir Income Support Programme (BISP) makes social cash transfers of around Rs. 120 billion

(US$ 1.15 billion) per year to approximately five million beneficiaries. BISP is developing a better

payment model that will enable cash transfers via digital accounts and up-gradation of the existing

system to enhance its transparency, efficiency and redressal of complaints through real time reporting.

Digitization of Central Directorate of National Savings CDNS has initiated banking platform digitization including digitization of data, products and channels, enabling mobile app and web channels for customers and integration with branchless banking players for a seamless and convenient service delivery to its customers.

In first phase, comprehensive digitization strategy including identification of IT infrastructure requirements and creating system linkages to alternative delivery channels, such as mobile wallets, branchless/ mobile banking and smartphone application is in process.

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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Date:Dec 15, 2017
Words:390
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