How XPay Life simplified the Postpaid Mobile Bill Payment

A few years ago, paying utility bills was quite a hassle. You had to skip your lunch hour to stand in long queues at bill payments outlets. However, today technology and digitisation has helped consumers to pay their utility bills using their smartphones and computers. The availability of the internet service, dual authentication of the user identity has built a trust in the minds of the patrons to proceed with fluid money transfers. There are digital receipts that can be obtained via SMS, Email, and App notification from the pre-configured mobile apps. Digital payments play a major role in customer retention in today's time as several service providers stay connected with their patrons, by providing them with offers and discounts. 

According to a study by Google (Alphabet Inc.) and Boston Consulting Group, the quantum of non-cash transactions within the country will exceed that of cash transactions by 2023. The report also mentioned that there is also going to be a surge in the digital payments industry by 2020. Therefore, we can see that several mobile users make their Postpaid Bill Payments from the comfort of their homes.

The digital modes of payments present the customers to a varied payments options to make quick, easy and secure payments which are digitally stored. All the transactions are regularly monitored in the digital space. It is simpler and efficient to make the Landline bill payment using your mobile and computers. These transactions can be made from one's home, or office without hampering their days schedule.

Making payments through cash has been the old fashioned way to make payment. Making a payment has become comfortable with UPI, Netbanking, credit/debit card, mobile banking, and wallets. Digital payment system has made us all go cashless, and you will never run short of money when you go outside. Paying Quick Bill payment Electricity bills is possible through digital payment options. It is no longer time consuming to make bill payments, and online payment options facilitate to a larger section of the population. 

Online Gas Payment helps reduce the number of cash transactions by allowing the customers to make bill payments using their mobile or computers. Once, the payment is made the customer is provided with a confirmation receipt instantly. It is in line with RBI's vision to facilitate payments of bills from anywhere at any time. NPCI came up with Bharat Bill Payment System to promote digital payments. Digital payment options are convenient, easy and secure ways to pay for goods and services. There has been a revolution in the way the payments are made in the country. Based on the recent time, a cashless economy is going to be a dream come true and it will become a dominant force. 

One must ensure that the online payment platform that they are choosing is highly secure with the best PCI compliance supported with technologies like Artificial Intelligence, Blockchain, IoT, Cloud and Mobility.