Government to Personal Payments
Pakistan is digitizing a substantial portion of its government flows to people. And serves as a great example of how public and private organizations can work together to promote a country's digital financial inclusion system. The government and public actors have set up an enabling environment and provided seed funding, while private actors establish infrastructure and services and develop long-term business cases.
The digitization of government payment flows depends partly on the progress made by the industry and the regulators to grow the branchless banking industry. G2P payments have never been more important because governments worldwide are looking for ways to deal with the economic and social consequences of the COVID-19 pandemic. And, over 100 countries have announced plans to increase social assistance payments.
The challenge of paying these huge sums to poor and informal sector workers highlights the differences between countries' G2P payment ecosystems. Given the pressing need for governments to provide financial support quickly and in a transparent and accountable manner, the digitization of G2P payments to promote choice and interoperability is now more important than ever.
Features
Reduced Time
Digital G2P payment benefits the recipients because it reduces the time and cost to receive the amount. Additionally, compared to cash-based G2P payments, it provides the most convenient way to receive payments.
Lower Costs
The recipients of government cash payments experience many difficulties in receiving cash. First, they have to travel far to reach the bank or government office, usually located in the region's capital. Such long-distance travel can cost the recipient time and money. However, with digital G2P payment solutions, the time and cost to recipients can be lowered significantly.
Less Uncertainty in Payments
Digital G2P solutions can reduce uncertainty and increase the reliability and predictability of payments, so people can plan and invest correctly.
Access to Financial Services
Digital G2P payment solutions are also a good way to achieve greater financial inclusion. This is because it allows consumers to access financial products such as loans and savings products.
Transparency
As we all know, digitizing G2P payments can also increase transparency by ensuring that only eligible people can receive social transfers and wages. Digital G2P payment systems improve the transparency of the entire payment process.
Monitoring
G2P payments can also help identify eligible recipients through powerful digital IDs. This can form a digital footprint that helps link personal information across departments.
Our Products
Some of our best performing SaaS Products
iMPACT
iPath offers 'iMPACT' a multi-institution transaction processing middleware enabling a broad spectrum of payment ecosystem requirements in a single robust platform.
iCON
iCON offers a complete software solution to enable users to access all the bank's business functions from an ATM and POS. It includes promoting innovative services and transactions at the customer level and effectively managing and monitoring the entire banking system from a central point.
iNOVA
iNOVA offers a full-function Card Management System providing comprehensive processing capability with rich functionality, seamlessly integrating with core banking, mobile wallet, back-office operations, and support for 3rd party integrations.
iDRS
iDRS promotes fast and accurate case processing to reduce costs and improve user experience based on a structured and automated workflow. It provides an advanced user interface, excellent operational management, enhanced reporting, and better-integrated functions
Features & Solutions
Some of the Features, Services and Solutions that we offer
Contact Us
iPATH (Pvt) Ltd is an innovation factory that builds products using quick development cycles personalized to organizations’ strategic needs.
iPath Pvt. Ltd. 9th Floor,
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Karachi Pakistan.
+92 21 111 767 911