Electronic Revenue Collection (ERC)
It is a comprehensive solution for the electronic collection of Government Fees, Taxes and Custom Duties. It serves as a means to achieve a cashless environment via the introduction of Virtual Funds and automates all revenue collection processes, allowing government agencies to exploit the full capabilities of the technology to transform its services to the public.
This basic framework of the Electronic Revenue Collection (ERC) separates the collection of cash and the actual collection of fee in the revenue collection process.Under this framework cash is collected at the beginning through trusted partners i.e. authorized banks and their branches. These trusted partners will either issue e-payment modes like e-wallet, scratch cards, e-vouchers etc or will reload these e-payment modes, against the cash payment.
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