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National electronic bill payments hub implemented

Towards seamless customer-centric e-services

An excerpt

In line with the 3P integration concept, the Minister announced that government is developing a national electronic bills payment hub.

Having implemented FlexiPay as a common mode of payment for government transactions, the government seeks to bring together players from different sectors to establish a national electronic payment hub that serves all billing organisations and consumers in Singapore.

Jointly driven by the Ministry of Finance and the Infocomm Development Authority of Singapore, the payment hub will provide a one-stop portal for the payment and presentment of government bills and private sector bills through electronic means.

Consumers no longer have to go to different websites to pay different types of bills. The new system will consolidate all billing organisations under a central hub that offers secure and trusted electronic bill payments and related services to consumers.

The national electronic bills payment hub aims to reduce the inefficiency and costs of payments as compared to existing payment modes such as cash and cheque payments.

Customers will enjoy the convenience of viewing potentially all their bills, whether from government or the private sector, through a single portal, and use a common online payment mode to enable simple authorisation of payments.

Work is in progress for a request for proposal (RFP) to implement a national electronic bills payment hub. It is expected to be implemented over a two-year period.

Full text of Press Release

Source: Singapore Government Media Release 28 Oct 2004

 

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Friday
29 October 2004