Micro Payments Gateway/ RAAST payments launched to Expedite the AGPR Vendor Payments | ||
Reform ID | F160 | |
Reform Description | Before: Cheques for payments of salary, pension, GPF and vendor payments used to be submitted to banks. This used to take 1-2 days before being credited to the accounts of beneficiaries.
After: Micro Payment Gateway (MPG) is the process of making direct credit of payments into the beneficiaries’ bank account. The process has been implemented for payroll of this office and vendor payments partially. |
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Sector | All Sectors | |
Beneficiaries | All Departments | |
Jurisdiction/ Location | Federal (Entire Pakistan) | |
Department | Account General Pakistan Revenue (AGPR) | |
Date of Implementation | 12-08-2022 | |
Details | Difficulty | Cheques for payments of salary, pension, GPF and vendor payments used to be submitted to banks. This used to take 1-2 days before being credited to the accounts of beneficiaries. |
Analysis | In the absence of Payments Gateway/ RAAST payments mechanism the AGPR vendor payments were delayed significantly causing mistrust and resulting in financial loss for the businesses. | |
The Payments Gateway/ RAAST payments launched to Expedite the AGPR Vendor Payments. A Micro Payment Gateway (MPG) is the process of making direct credit of payments into the beneficiaries’ bank account. The process has been implemented for payroll of this office and vendor payments partially. | ||
Evidence |
Evidence |
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