PSP Solution For Public Services
PSP is an online payment platform built to connect administrative units with commercial banks in supporting individuals and businesses pay for their personal and business obligations in a timely manner
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Benefits of the solution
Administrative units only need to connect to EPAY, there is no need to connect to every single bank when supporting individuals/businesses make payments.
Assist administrative units in streamling their payment model, reduce the number of individual transmission lines connected to the commercial banks, reduce resources and costs of maintaining the system and infrastructure.
Optimize the transaction checking and controlling between the parties as it is done automatically and efficiently
Promote cashless payment, a premise for digital transformation in the following areas: taxes/customs payment, public services payment, other public services payment, etc
Increase tax payment volume on the Bank's online banking channels, aiming at the rate of 70 - 80% (currently accounting for approximately 10%) with the services provided by payment intermediaries, supporting to connect businesses with the Banks
Promote individuals/businesses to use digital payment channels to actively make transactions, increase the convenience of Customs services, hence increasing State budget
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