Zink Pay
Zink Pay works by allowing billers to set up direct debit agreements with their customers. This means that customers can authorize the biller to automatically deduct payments from their bank account on a specified date.To use Zink Pay, billers need to sign up for an account and provide their bank account details. They can then create payment requests for their customers, specifying the amount and due date. The payment requests are sent to the customers, who can review and authorize them through the Zink Pay platform.Once the customer authorizes the payment request, Zink Pay will automatically deduct the payment from their bank account on the specified due date. The payment is then transferred to the biller’s account, ensuring a seamless and efficient payment process.Zink Pay also provides billers with real-time reporting and analytics, allowing them to track and manage their payments easily. This helps businesses in the UAE to have better control over their cash flow and reduces the risk of late or missed payments.Overall, Zink Pay simplifies the payment process for both billers and payers in the UAE, making it a convenient and efficient solution for collecting and making payments without the need for checks.