Karafarin Bank Unveils Latest Service – Paya Group Payment

Paya Group Payment has been introduced by Karafarin Bank in its latest effort to boost its product and service portfolio and to provide more comfort to its customers.
In addition to making individual payments, this service enables customers to make group payments, Public Relations reported. The main difference between individual and group payments is that under Paya Group Payment Scheme, the number of receiving accounts is not limited.
Paya Group Payment is especially applicable in paying dividends to shareholders, paying wages and pensions as well as insurance claims.
In order to be able to use this service, customers must hold accounts at Karafarin Bank and must be authorized to make withdrawals accordingly.
Paya Group Payment also enables customers to make payment orders via issuing cheques.