The Importance Of Alternate Digital Solutions in The Cashless Economy.

Online Bill Payment through XPay Life. You can make faster, easier and secure payment for all multi-utility bills such as Electricity, Gas, Water, Postpaid Mobile bill, Landline, Broadband, DTH Recharge become easier with XPay Life.


The Indian Economy is being versatile from the past few years and the evolution of the bill payment sector from the traditional queue system to the online bill payment providing a ubiquitous mode of payment and with ease and highly secure payment channel. And every day, there is a cut-throat competition between the mobile bill payment service providers. Hence the search for the Best electricity bill payment is rampant. These service providers have seen success through high customer engagement and encouragement received by the government.

What initiated the rapid adaption to Pay Bill Online?

The evolution of the bill payment sector in India has been influenced by different factors but the phenomenon that brought about the revolutionary change was the Demonetization act in 2016 by Honorable prime Minister Narendra Modi. During this phase, all the high denomination currency was banned and only 14% of physical cash circulating in the entire country created a need for alternate digital solutions.

This instigated a rapid shift towards the digital payment modes to pay Broadband bill and other utilities being the most important financial transaction for recurring payments irrespective of the cash crunches the country was facing.

The increase in the smartphone influx during this time, aided with low-cost data charges. There were many mobile payment service providers getting on the platform to provide digital payment solutions at low cost or no transactional fees. Many big names in the industry like paytm and phonepe reached the peak of its success during this time. As even the government of India encouraged through a number of schemes and initiatives for easing the pay tata sky recharge and other utility bill payments through initiatives like Bharat Bill Pay, Unified payment interface and pay as you go initiatives that provided digital payment solution providers to innovate infrastructures aiding in PAN India digitization.

But according to the google BCG report, there are about 80% of the rural population and 35% of the urban population is still highly dependent on the cash payments. Hence the vision of the cashless economy is highly impossible. This is where there us the need for alternate digital solutions in the bill payment sector aiding in Bill Payment for Gas.

For the digital inclusion of the Indian population preferring the payment through cash,XIPHIAS XPay Life Pvt Ltd has innovated the infrastructures called as ATP( Any time payment) Kiosk providing round-the-clock payment facility and accepts cash as a bill payment mode along with the other digital modes of payment and makes the whole transaction digital to pay water bill. Also, it is a BBPS/NPCI approved agent institution and has a comprehensive list of 250 plus billers spread across seven recurring payment categories. The POS machines are third party man held devices that will be replacing the present technology at the biller’s collection units and hence increasing efficiency.

The Mobile Van is India’s first infrastructural approach towards rural India inclusion in the Digital India mission through XPay Life. The Mobile Van equipped with ATP kiosk, Vending Machine, and mini-ATMs. The vending machine dispenses free condoms and sanitary pads on each transaction. The ATP kiosk accepts cash as a bill payment mode and makes the transaction digital, The mini-ATMs aids in cash withdrawal thus bringing a whole set of facilities to the rural places at strategic place and time, hence encouraging the rural mass for digital inclusion in the bill payment sector.

Hence to increase digital adoption through the country and make India digitized through the innovations that help in Digital India Mission. 

Online Bill Payment through XPay Life. You can make faster, easier and secure payment for all multi-utility bills such as Electricity, Gas, Water, Postpaid Mobile bill, Landline, Broadband, DTH Recharge become easier with XPay Life.

Write a Comment