Innovations Increasing the Digital Utility Bill Payments Ratio in India

Multi-utility Bill payments a few decades ago was a herculean task with hurrying to the billers collection points to Water bill payment or any other utility bills. The collection centers had long queues to offer and a fixed time-window for any bill payment. The counters brimming with a crowded room. But with the implementation of the demonetization in November 2016 that cast light on the requirement of alternate digital payments that propelled the less-cash economy and digital India.

The multi-utility bill payments can be done for the recurring payments which are RBI approved categories of Electricity, Water, Gas( piped gas and LPG), Telecom( Mobile, Broadband, landline) and DTH. There are

1. More than 36.1 lakh PNG connections and Online Gas Bill Payment modes are quite less numbered and more people are going to the traditional.
2. More than 6.3 crore active DTH connections in India and it stands the highest for the online payment.
3. There are a large 120 crores mobile connection including the prepaid and postpaid services
4. There are more than 32.4 crore active broadband subscribers
5. The electricity sector generates 18 crore bills per month but surprisingly only 10 percent of the total payment is received through a digital channel.

With all these statistics provided by the National Payment Corporation Of India, there is a strong revelation that most of the digital payments happen for the category of telecom Postpaid bill payments including the Mobile postpaid payment, broadband postpaid payment Postpaid Bill Payments is seeking high digital dependancy. The major factor is because of the unavailability of the bill collection units for the independent telecom service providers in the vicinity of the customer.

Hence to provide Online Electricity bill payment, there are a number of mobile applications from the best bill payment service providers that collaborated with a number of billers to potentially collect the revenue from the customers thus reducing the turn-around-time at the biller’s own website.

XIPHIAS XPay Life Pvt Ltd is a start-up based in Bangalore providing a Full Spectrum of digital bill payment solutions in the form of a mobile app, web, ATP kiosk, POS machines and Mobile Vans. It is providing one of the best online bill payment sites in india by XPay Life with the highest order of security through blockchain technology. The website also offers bill payment services through payment modes of the credit or debit card.

For the digital inclusion of the people who prefer the payment through cash, XPay Life has innovated the infrastructures called as ATP( Any time payment) Kiosk that provides 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 financial transaction digital. Also, it is a BBPS/NPCI approved agent institution and has 250 plus billers spread across seven recurring payment categories. The POS machines are third party handheld devices that will be replacing the technology at the billers collection units and hence increasing efficiency and clearing queues as well.

The Mobile Van is India’s first innovative technological approach with a contextual mission 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 and hence encouraging the rural mass for digital inclusion in the bill payment sector.

With these kinds of innovations and infrastructures, the bill payment sector will be experiencing a peak ratio of digital bill payments in the country for all the multi-utility categories aiding in secure landline bill payment.

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.