The bill-paying service is a service in which a payment services provider, on the basis of a contract with the payee, collects funds from the payer, irrespective of the manner of their collection, and makes the collected amount available to the payee within time cycles determined by a contract (e.g. electricity, water, gas and other bills).
Statistics
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Financial sector
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Financial sector
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Bill-paying service
The bill-paying service is a service in which a payment services provider, on the basis of a contract with the payee, collects funds from the payer, irrespective of the manner of their collection, and makes the collected amount available to the payee within time cycles determined by a contract (e.g. electricity, water, gas and other bills).