K-electric, PayFast Partner to Provide Easier Bill Payment Solutions
K-Electric (KE) has partnered with PayFast to integrate an additional payment gateway on its website, enabling consumers to pay their KE bills online conveniently. PayFast’s gateway allows customers to pay their bills using their cards, mobile wallets, or bank accounts through a simple and secure process. Bills paid through these means will bear K-Electric’s digital stamp showing proof of receipt.
Expanding Payment Services
As a progressive utility company, KE continues to innovate and digitize its processes to support its growing customer base and encourage a transition toward paperless billing.
Today, over 1 million customers are digitally connected with the company. As the 4th integration on the KE website, PayFast helps expand payment services to an even more comprehensive range of card and account holders, promoting the ease offered by online payments.
Statement from Spokesperson for K-Electric
Imran Rana, the spokesperson for K-Electric, said that the utility’s strong determination to facilitate users in their payment options is always a priority. “Over 50% of our customers pay their bills through digital platforms and we anticipate this number to grow substantially in the future. More payment options help us provide better, safer, and easier access to our valued clients.”
Statement from Chairman of PayFast
Arshad Raza, Chairman at PayFast, shared how customers were looking to circumvent long queues at banks and avoid bank timings that can be inconvenient: “Paying for utility bills should be made as easy as possible in this day and age. Our aim at PayFast is to provide payment solutions that promote greater convenience and flexibility to Pakistanis. We’re excited to partner with one of Pakistan’s energy giants to simplify online bill transactions for millions of the utility’s customers.”
Statement from CEO of PayFast
Adnan Ali, CEO at PayFast, reiterated this sentiment: “PayFast functions with the goal of digitizing Pakistan through swift, secure, and convenient payment solutions. This partnership with KE helps promote our vision for a more cashless society.”
PayFast is a payment gateway licensed and regulated by the State Bank of Pakistan, functioning to provide reliable online payment solutions nationwide. It is compliant with the highest international security standards, with transactions monitored 24/7 to ensure safety and protection.
The gateway empowers businesses, freelancers, and utilities, such as KE, to accept payments made from customers through cards, bank accounts, and mobile wallets.
K-Electric (KE) is a publicly listed company incorporated in Pakistan in 1913 as KESC. Privatized in 2005 KE is the only vertically integrated utility in Pakistan supplying electricity within a 6500 square kilometers territory including Karachi and its adjoining areas.
The majority shares (66.4%) of the company are listed in the PSX owned by KES Power, a consortium of investors including Aljomaih Power Limited of Saudi Arabia, National Industries Group (Holding), Kuwait, and the Infrastructure and Growth Capital Fund (IGCF). The Government of Pakistan is also a minority shareholder (24.36%) in the company.
