ATM’s might be permanently replaced in the coming years as Pakistan progresses in digital advancements. Your needs for electronic payments and cash may be met by a new e-payment system that the National Database and Registration Authority (NADRA) has introduced.
Recently, NADRA (National Database and Registration Authority) announced the launch of its new e-payment system, which is hailed as the country’s ultimate blow to ATM usage. The e-payment solution, which aims to replace ATMs, will enable consumers to make simple electronic payments.
Collaboration between NADRA and 1Link, Pakistan’s largest and most comprehensively approved payment gateway system, led to this success. Together, the two institutions will create and oversee an electronic payment system that will be built on NADRA’s existing popular e-Sahulat brand.
In addition to performing fund transfers, cash-ins and cash-outs, public-to-government (P2G), government-to-public (G2P), and public-to-public payments (P2P) payments, these outlets will also be able to handle other financial operations.
NADRA Chairman Tariq Malik and 1Link CEO Najeeb Agrawal signed the contract on Monday. Chairman Malik on the occasion said that NADRA for a long time has been trying to enhance its e-governance services by empowering organizations from both the public and private sectors.
The e-payment platform will soon be available in Pakistan’s rural areas, according to NADRA. This is a fantastic project since it will make doing business easier and improve the contribution of rural areas to the digital economy.