The Electronic Bill Presentment and Payment (EBPP) platform is a consolidated platform for the straight-through processing of electronic bill presentments and payments. According to an official statement, users only need to log onto their internet banking account – to receive, view, manage and schedule payments for various e-bills issued by merchants.
Through this multi-currency platform, e-payments can be made in Hong Kong dollar, renminbi and US dollar. By connecting users to billing merchants in Mainland China and overseas countries, the service offers cross-border e-billing and e-payment services.
Furthermore, users who use the platform to make online donations to charities can also collect electronic receipts.
“For anyone looking to integrate bill presentment and management capabilities into the existing online banking service, the EBPP platform will fit the bill nicely – it marks a new era of multi-functional and paperless billing processing. I hope the public can soon get the most out of the EBPP platform as more banks bill it as a smart service, and as more merchants see it as such. The HKMA will continue to co-operate with the banking sector in the development of retail payment infrastructure and enhancing its efficiency.” said Peter Pang, Deputy Chief Executive of the HKMA.
Furthermore, government departments such as the Water Supplies Department and Rating and Valuation Department revealed plans to adopt the e-bill service by end of 2014 to better meet the needs of their customers.
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Autor(en)/Author(s): Clarice Africa
Quelle/Source: futureGov, 08.01.2014
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