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EPay Punjab Fetches Rs1b Revenue In Less Than 5 Months

Techx Editor by Techx Editor
February 29, 2020
in News
Reading Time: 2 mins read
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EPay Punjab Fetches Rs1b Revenue In Less Than 5 Months

Inside the initial five months, EPay Punjab has gathered over Rs. 1 billion income from numerous tolls in the territory. EPay Punjab is the first-since forever government installment aggregator for resident help and simplicity of business.

This was revealed in an advancement survey meeting of Punjab Information Technology Board directed by Chairman PITB Azfar Manzoor. Chief General IT Operations Faisal Yousaf and other senior authorities partook in the gathering.

The framework was propelled on fourth October a year ago as a community oriented undertaking between Punjab Information Technology Board and Finance Department of Punjab which gives the overall population a tranquil and effective strategy for settling all expenses and installments to the administration utilizing ICT apparatuses without experiencing the current bulky procedure.

The gathering was educated that various new installment channels like Debit/Credit Card, Mobile Wallets, TELCO Agent Networks and Direct Debit from Account are being added to additionally expand the installment choices.

Furthermore, it is additionally intended to incorporate Government to Public (G2P) and Government to Business (G2B) installment models in future to expand the skyline of the program and furthermore include Tax/Non-Tax receipts like Online Admission for Colleges/Schools Fee, Driving License Fee, e-Challan, Character Certificate, Domicile, Fitness Certificate (Commercial Vehicles) and Agriculture Income Tax.

The ePay Punjab App lets the residents produce a seventeen (17) digit remarkable PSID number that is acknowledged by all banks in Pakistan. Banking channels can be used by the residents for charge installments are web/versatile banking, ATM and Over the Counter (OTC)/Branch Visits. At the back end, ePay Punjab is incorporated with the State Bank of Pakistan (SBP) and 1-connect for interconnectivity over the whole financial system in Pakistan.

In its first stage, 13 expenses/duties of 5 divisions are made piece of the framework. Extract and Taxation, Board of Revenue (BOR), Punjab Revenue Authority (PRA), Industries and Transport are the divisions associated with the framework, where residents can make good on Token Tax, Motor Vehicle Registration, Transfer of Motor Vehicle, Property Tax, Professional Tax, Cotton expense, e-Stamping, Mutation charge, Fard charge, Sales Tax on Services, Punjab Infrastructural Development CESS, Business Registration expense and Route grant through e-pay Punjab.

The activity has demonstrated to be a distinct advantage in the neighborhood fintech industry by assuming a crucial job in expanding charge income assortment of the territory and improving money related incorporation.

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