The Mastercard ATX partnership enables consumers to make multiple bill payments from varying options available, including linking their bank accounts and saving their card credentials.
Consumers can manage all their bills in one platform via GOPAY or PAYHUBYou probably didn't know that more than a billion bills are issued in Malaysia annually. And that a whopping US$25 billion in payments is collected annually from Malaysians.
“There’s a lot of information that a customer has to remember when it comes to making bill payments such as the due dates of payments, manage cash flow, account numbers on a monthly basis,” said Beena Pothen, Country Manager for Malaysia and Brunei MasterCard. Consumers will be able to receive reminders and view their latest outstanding registered bills before the due date, and can schedule their bill payments, making it easy to plan spending.
According to him, many consumers make bill payments without knowing the exact amount owed, which sometimes results in their service being cut. He believes, Bill Pay will solve this problem.
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