ATX Fintech Holding and Mastercard collaborate to transform bill payments with Mastercard® Bill PayJanuary 10, 2023 | Kuala Lumpur
The digital bill and presentment platform provides a secure, simplified and convenient way for consumers to view, manage and pay for bills in one place
ATX Fintech Holding Sdn. Bhd. (ATX) today announced a partnership with Mastercard to launch Mastercard® Bill Pay, a new bill management tool that combines electronic bill presentment and payment in one place. The platform transforms the way bills are presented and makes the payments experience secure, more efficient and seamless.
Malaysia is the first market in Asia Pacific to roll out Mastercard® Bill Pay. The bill management tool addresses the existing bill presentment and payment experience which tends to be a cumbersome process whereby consumers need to remember multiple login credentials to access each of their biller’s website or apps to view, retrieve and pay for individual statements.
Supported by ATX, Mastercard® Bill Pay will enable consumers to view and consolidate all their bills from multiple billers on their preferred financial website or mobile App, like ATX’s digital wallet, GOPAY or access it via its web-based online payment platform, PAYHUB2U. Payments can then be made from the varying options available suited to their preference, which include linking their bank accounts and saving their card credentials. Consumers will also have access to interactive features such as real-time reminders on unpaid bills, so they can keep better track of statements and payment due dates. The bill management tool also makes it easy and secure for users to find and link billers using their own unique identifier.
The bill management tool will soon see the launch of new features such as payment scheduling, e-Bill viewing, bill analytic dashboards in GOPAY app, and payment installment options. The simplified connection between payer institutions, billers and biller service providers offer a secure, trusted environment within the online and mobile banking experience.
“We are thrilled to partner with Mastercard to launch Mastercard® Bill Pay in Malaysia. Supported by GOPAY and PAYHUB2U, Mastercard® Bill Pay will provide greater efficiency, transparency, speed and accessibility for consumers. By providing multiple payment options and real-time communications, it can pave the way for better experiences and also foster consumer loyalty. We have integrated with 13 billers and are keen to expand on our network through more partnerships in the coming months, to provide more choice and convenience for consumers,” said Sashi Kumar, Founder and CEO of ATX.
“The partnership with ATX on the mobile-first bill pay solution is timely. Over US$25 billion (RM113 billion) in bill payment volumes across one billion bills are paid annually in Malaysia and more people are using e-payments services for bills as accelerated by the pandemic. Solutions such as Mastercard® Bill Pay underscore Mastercard’s commitment to make everyday life simpler, more seamless and secure. Consumers can enjoy the convenience, flexibility and control to view and pay for their bills when and how they choose to in the palm of their hands,” said Beena Pothen, Country Manager, Malaysia and Brunei, Mastercard.
To start using Mastercard® Bill Pay, download the GOPAY Malaysia app to register or sign up at PAYHUB2U.
About ATX Fintech Holding Sdn. Bhd
Founded in 2011, ATX Group engineers digital value-added payment platforms for service providers, retailers, mobile channel businesses and B2B2C ecosystems. The Group also provides parcel services, buy now pay later services, micro loans and facilitates e-commerce and FMCG group buying within their ecosystem. After receiving MSC status in 2013 and successfully launching 8 e-wallet platforms, ATX was acquired by Novatti Group Ltd (ASX:NOV) in 2021, becoming a wholly owned subsidiary.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.