Innovation India - Fintech Companies are boarding Rural masses

by Xpay Life Utility bill payment Online

The explosion of online bill payments is on an avalanche these days. Gone are the days when payments were made through hard cash, with bargaining mouths and unsatisfied transactions. Payments have integrated with the ever-growing innovative technology where laptops and mobiles have become the new wallets. Indian masses are rapidly adapting to changing technology and view android smartphones to be a necessity. This makes a fluid market ground for the companies creating new online bill payment apps every day.

How did Artificial Intelligence help in problem-solving?

The new trends are including Artificial Intelligence into every innovation as this will become the future of mobile bill payments. With the help of Artificial Intelligence, a large database of the users can be collected, analyzed that helps the companies to solve some of the problems users are facing and creating solutions for them. for eg, Gas Bill payment was becoming hectic with the multiple trials of calling the agency, only to be promptly ignored many times. This was a problem that needed a better solution. Companies started integrating UPI bill payments in the application that was only meant for e-commerce shopping.

Customers are looking for security.

India saw an incline in the usage of online bill payment when Hon’ble Prime Minister Narendra Modi declared war against black money and initiated demonetization. The frequent cash crunches only pushed the people into embracing the online platform for financial transactions.

But the question of security still remains, with increasing cyber frauds and direct hacking of the bank accounts through the mobile apps that have only installed a new fear in the public. Hence a new application XPay.Life has come up with a timeless solution. It is built on the block chain technology which is the most secure technology right now. Easy Postpaid Mobile payment can be now done with the highest security and no fear of losing money during the online transfer!

Entertainment and bill payment

As the TV media took over, the times were mostly rewarded for entertainment. Television gave the best of the news, serials, dramas, reality shows for the masses. The interrupted connection only made the customers more agile to accept the online bill payment methods which not only provided them with the time to spend with family but also an easy, quick way to pay the DTH bills. The mobile applications were built so rigorously to make life simpler and more meaningful. The DTH recharge app is gaining popularity in the entertainment world.

Landline in the world of smartphones

Smartphones are having a lions share in the market but landlines aren’t completely extinct. It has been a loyal fender to all of the public needs. Corporate offices still need landline connections for internal communication. The Government Offices rely on the small loyal landline itself. We still have our previous generation who are bewildered to use shiny applications on sleek smartphones. Online landline bill payment can also be easily done through the applications now.

Electricity 

With IoT taking over the market, all devices are connected to each other and integrated to be controlled over the cloud. “Alexa, Switch On the light” is the trend now. All the devices are voice-controlled, the temperatures in the refrigerator are controlled from a smartphone from a faraway vacation. But for all these to run, electricity is the most important thing. There will be no light, no devices, no life. Hence most people are searching for the Best electricity bill payment application on the cellphones. 

The market size is growing rapidly for fintech companies to invest in the building of applications and websites. But XPay.Life is also tapping the rural masses who are still hesitant about using the application. To get them to transit to the world of smartphones, applications, IoT, cloud. There is a basic step to be taken. The bill payment kiosks and bill payment through PoS machines are creating a revolution in the way India is to be digitized. Rural masses will be expected to board the digital platform swiftly with these kinds of innovations.

More information visit: www.xpay.life

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Created on Nov 23rd 2019 00:29. Viewed 299 times.

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