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2PAY – Switching/Electricity Accounts –

2PAY, classified as financial technology company, primarily is a software which captures data and funds from physical/online   channels of payments (collecting agents), and then communicates with service providers (billers – core banking systems or third parties) to realise (and aggregate) bill payments and/or purchases made online coming from the various delivery channels to the collecting agent.

In 2019, 2PAY was initially connected to service payments from one of the Indonesia’s First Private Satellite Provider, PSN, as supporting the multibiller channel with a good amount of revenue per month derived from this counterparty.

In Feb 2020, 2PAY will be connected of the largest banks in Indonesia,  Bank Nasional Indonesia (BNI), where 2PAY is used to pay monthly electricity bills to the electricity distribution company of Indonesia, Perusahan Listrik Negara (“PLN”).

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