Prime Bank has introduced instant payment of VAT, excise and import duty through PrimePay, an omni digital platform for its corporate customers.
Without having to go to the banks in person, the bank's corporate clients can now pay VAT, excise and import duty from anywhere, anytime, through the digital platform, reads a press release
They can make payment online 24/7 and receive payment confirmation via SMS and email, it added.
With PrimePay, the clients of Prime Bank can initiate all local payment instructions from anywhere anytime.
This digital platform facilitates account to account fund transfer within Prime Bank, online third bank payment through RTGS, BEFTN, corporate cheque and pay order issue, real-time payment under Distributor Financing Program, access to all types of corporate MIS and statements and many more.
PrimePay is bolstered with robust security features with in-built two factor authentication system ensuring utmost safety. It is equipped with strong MIS engine that is capable of generating consistent and timely information across customer transactions and statements required by the clients to get deeper business insights.