DITT launched BIPS to make pay­ment eas­ier

Bhutan Times - - Home - Lhakpa Tsh­er­ing

The De­part­ment of In­for­ma­tion Tech­nol­ogy and Tele­com (DITT), Min­istry of In­for­ma­tion and Com­mu­ni­ca­tion, launched Bhutan Im­me­di­ate Pay­ment Ser­vice (BIPS) on 27 Jan­uary in Thim­phu.

The pay­ment gate­way project was ex­pected to en­able the interbank on­line trans­ac­tions in­clud­ing on­line pay­ments to pub­lic ser­vice and to en­able interbank in­ter­op­er­abil­ity through the devel­op­ment of an ePay­ment Gate­way In­fra­struc­ture.

The ob­jec­tive of the project was to set up a na­tional level in­fra­struc­ture to en­able in­ter- bank in­ter­op­er­abil­ity, fa­cil­i­tate on­line pay­ments be­tween Ci­ti­zens to Gov­ern­ment, Ci­ti­zens to Ci­ti­zens, Busi­ness to Busi­ness, Gov­ern­ment to Ci­ti­zens, Gov­ern­ment.

It was also to build the fun­da­men­tal in­fra­struc­ture nec­es­sary for eCom- merce. Deputy Chief ICT Of­fi­cer of DITT, Sonam Pen­jor, said that in line with the e- Gov­ern­ment mas­ter plan, DITT, MoIC has pri­or­i­tized and ini­ti­ated the project for devel­op­ment of e- Pay­ment Gate­way In­fra­struc­ture.

With the ser­vice pro­vided, he said that ci­ti­zens now can trans­fer funds be­tween ac­counts main­tained with BoB, BNB and Druk PNB.

The gov­ern­ment un­der Gov­ern­ment to Cit­i­zen ( G2C) im­ple­mented sev­eral on­line ser­vices to im­prove the de­liv­ery of cit­i­zen ser­vices since the 10th five year plan.

Be­sides, the fi­nan­cial in­sti­tu­tions such as banks also pro­vides elec­tronic ser­vices such as in­ter­net bank­ing, sms alerts and in­tra- fund trans­fer but he said, the ser­vice were pro­vided only for the reg­is­tered cus­tomers.

The G2C’s on­line ser­vices re­quir­ing pay­ment com­po­nent could not be de­liv­ered endto- end through on­line means be­cause of lack of a na­tional in­ter- bank im­me­di­ate fund trans­fer in­fra­struc­ture.

“More­over, in­di­vid­u­als were not able to trans­act elec­tron­i­cally be­tween ac­counts main­tained with dif­fer­ent banks,” Sonam Pen­jor said, “Thus, the ci­ti­zens at large were not able to get the full ben­e­fits of end- to- end on­line ser­vices en­vis­aged.”

Cur­rently three ma­jor banks are con­nected to BIPS as mem­ber that in­cludes BoB, BNB and Druk PNB banks. He said that the cus­tomers and ci­ti­zens with the bank ac­count in any of the three banks are ex­pected to instant in­ter fund trans­fer be­tween the ac­counts. “It can also fa­cil­i­tate pay­ment of ser­vice charges or fees and taxes.”

The project was ini­ti­ated in col­lab­o­ra­tion with DITT, MoIC, and Gov­ern­ment to cit­i­zen, Royal Mone­tary Au­thor­ity and fi­nan­cial in­stitu- tions.

The ePay­ment Gate­way so­lu­tion, BIPS was de­vel­oped at the cost of Nu. 15.63- mil­lion since March 2016 with fi­nan­cial sup­port from the gov­ern­ment of In­dia.

The Thromde ser­vice pay­ment un­der G2C ser­vice has been on boarded as of now and the crit­i­cal ser­vices in­clud­ing RSTA, MoFA, MoEA and BCSEA are ex­pected to fol­low within two to three months which in the process of in­te­gra­tion.

The interbank on­line pay­ment gate­way was in­au­gu­rated by min­is­ter for in­for­ma­tion and com­mu­ni­ca­tion, D. N Dungyel and Am­bas­sador of In­dia to Bhutan, Jaideep Sarkar.

The launch­ing cer­e­mony was at­tended by MoIC Sec­re­tary Dasho Karma W. Pen­jor, GNHC sec­re­tary Thin­ley Nam­gyel and RMA of­fi­ci­at­ing Gov­er­nor among oth­ers.

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