With InstaPay, electronic payments can also be made to the government for taxes, licenses, and other fees in real time. Catering to low value payments, InstaPay safely and quickly moves funds. It produces efficiency in terms of cost and resources. Reduced cash usage will allow banks and the government to minimize security, transport, overhead, and other incidental costs that come with cash handling.
With InstaPay, we see greater empowerment of both the public and private sectors. Greater efficiencies of electronic payment channels will also bring about an accelerated velocity of payments, increasing economic activities. We see a rise in public confidence in making electronic payments — this can, and will result in positive culture change!