For those people, who most of the time stay at home, and also do not have much interest in the online services, television is the most favorite entertainment medium for them. Taking this interest of people into account, XPay.Life renders the service of DTH recharge through which the recharge can be done effortlessly in a jiffy.
The bill payment online sector has seen a global revenue increase in 2017 which deemed to be higher than the last five years. The forecast provides a new perspective towards the 2022 revenue which sums up to be 3 trillion dollars of business globally. These statistics are as per the Mckinsey report. This revenue in terms of online participation was caused due to digital customer shifts encouraged by the regulatory policies of the government. The low-interest-rate economic environments started to gain immense reputation and customer shift included the problems related to pay fees.
The digital trend assisted in forming a healthy fundamental that has to satisfy the cyber hygiene, KYC collection, user-friendly and affirmative progress with the Unified payments Interface(UPI) In India and hence creating a new online payment gateway india.
The mobile bill payment service providers grabbed the fertile space of the digital commerce growth in India after the ecom sites Flipkart and amazon saw the increase in the digital acceptance of the customers. This opportunity only created an ecosystem that requires the on boarders an omnichannel for all their financial transactions including providing the Online Gas Bill Payment platform and for all the other utilities as well. Alo globally the mobile apps accounted for more than 30 percent of the global digital commerce volume in 2017 and is expected to increase to 45% CAGR by 2022.
The other important factor for the growth of digital acceptance in India is the rapid small merchant’s digital onboarding for payments. The bill payment sector saw a huge breakdown during the demonetization era when there were frequent financial crunches and the immediate requirement of the bill payment like bses rajdhani bill payment which was important. Hence the mobile bill payment service providers started seeing a shooting improvement in people embracing ht electrified payment. and other utility payments like electricity water and gas were paid through the online methods.
But on the contrary, only the people who are technologically acquainted and more digitally literate are able to embrace the change easily. But the challenge remains to grow as the people who are not equipped with the knowledge to operate the smartphones are not able to make the shift. Although India has seen a sharp shift in the digital payment sector and Broadband bill online is common but there is still 35% of the urbanites and 80% of rural India are still not digitally ready. As a solution to this complex problem that requires educating people and gaining government assistance which is a huge task given the mindset of people who prefer physical cash transactions over any other modes?
XIPHIAS XPay Life Pvt Ltd is a start-up that has come up with a unique, innovative solution for the underlying problem of tapping the rural areas and help the market size increase for digital adoption.
XPayLife has been successful in enhancing the digital bill payment sector by providing online services and infrastructures for utility bill payments like electricity, water, mobile postpaid and Prepaid DTH Recharge that help in the digital onboarding of the customers. The company is solely concentrated in digitally empowering the rural sector and heling the government sectors to create paperless offices as it helps in saving the environment and money through the ATP kiosk and mobile vans that accept cash as a bill payment mode and makes the transaction digital.
The rural people can utilize this facility through the company's USP called mobile vans equipped with bill payment kiosks, vending machines, and mini-ATMs that visit the remote villages wherever the footfall is high. XPay.Life is also available as a website, application, kiosk, POS machines, and the above-mentioned mobile van through which the Water bill payment can be made using cash and still make the transaction digital. With this, the entire digitization of India is possible and improves the economic status of the country.
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