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India Government e-Payment System

New Delhi, 28 October 2011: Government of India will inaugurate the E-Payment System aimed to bring transparency; facilitate paperless transaction and reduce overall transaction cost.

The new E-payment system has been developed by the Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance for direct credit of dues from the Government of India into the account of beneficiaries using digitally signed electronic advice (e-advice) through the ‘Government e-Payment Gateway’ (GePG).

The Union Finance Minister Shri Pranab Mukherjee will inaugurate the Government e-Payment System on Monday.

 Government e-Payment Gateway (GePG) is a portal which enables the successful delivery of payment services from Pay & Accounts Offices (PAOs) for online payment into beneficiaries’ accounts in a seamless manner under a secured environment. GePG serves as middleware between COMPACT (Computerized Payment and Accounts) application at Pay & Accounts Offices and the Core Banking Solution (CBS) of the agency banks/RBI to facilitate paperless transaction, reducing overall transaction cost and promoting green banking.

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