Malaysian fintech firm and subsidiary of Novatti Group, ATX Fintech Holding Sdn Bhd, has announced a partnership with Mastercard to roll out a new bill management tool that streamlines bill presentment and payment.
Mastercard Bill Pay will launch in Malaysia first before eventually expanding to the wider Asia Pacific market, where consumers will be able to view and house their electronic bills from multiple billers on their preferred financial website or app, such as ATX’s digital wallet, GOPAY.
Consumers will also have the opportunity to link their bank accounts and save their card information to further streamline the payment process, as well as access features such as reminders on unpaid bills and the ability to search for billers using a unique identifier.
“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,” Sashie Kumar, Founder and CEO of ATX, said.
“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.”
Mastercard has also signalled the launch of new features including payment scheduling, e-Bill viewing, analytic dashboards and payment instalment options in the near future.
“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,” Beena Pothen, Country Manager, Malaysia and Brunei at Mastercard, said.
“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.”