Simplify Your Life: Paying Bills Made Easy with BBPS
As of today, every service you avail runs on monthly, quarterly or annual subscriptions. Whether TV connections, phone connections, digital platform accessibilities or others, everything demands you to make timely payments to continue enjoying uninterrupted services.
Just like that, there are also a few bills that you cannot skip on a monthly basis! For instance, electricity, gas, water and other utility bills should be paid on time to avoid unnecessary penalties. But, as there are a lot of subscriptions and bills for most consumers today, it becomes difficult to remember the due dates for all.
Therefore, NPCI introduced BBPS (Bharat Bill Payment System), a unified platform for consumers with all types of bill payments under one roof. Let’s find out how BBPS can simplify your life!
Ways BBPS is Simplifying the Life of Indians
RBI has enforced a committee to look into the overall structure of bill payment solutions nationwide. Upon strong review, RBI concluded that people still rely on cheques and cash for major bill payments. But, with the ideology of encouraging Indians to use electronic modes of payment, RBI finally decided to bring in an integrated bill payment solution.
Therefore, BBPS was introduced to the people of India. Here are some ways it has simplified the overall bill payment experience of people:
1. Make Various Payments Over a Single Platform
The businesses can seek help from functional BBPS API Provider to add bill payment capabilities to their platform. Customers can use such applications to pay their pending bills without any hassles. Whether their insurance premium or electricity bill, everything can be fetched and paid easily over a single platform through BBPS API.
2. Availing Multiple Modes of Payment
Earlier, the bill payments were mostly dependent on cash or cheque payments. But now that digital payment solutions are taking over, BBPS API will integrate various payment modes onto the platform to offer flexibility to the customers. Thus, customers will experience more convenience in paying their bills or monthly subscription amounts.
3. Secured Bill Payments
BBPS API has added security features, ensuring that all customer data is kept highly confidential. The sensitive information of the app users will be encrypted to the highest standards. The API also can detect & prevent all fraudulent attempts with ease.
4. Consistent Support
Using BBPS solutions will ease customers towards reaching out to a centralised support team and getting answers to all of their queries. They don’t have to head out to different departments or bill collection offices for the same.
5. Immediate Payment Acknowledgement
Upon successful bill payments through the BBPS platforms, the customers can avail of a quick acknowledgement for the same. Following that, they can also access the receipts stored within the platform. You can fetch the receipt anytime you want!
Conclusion
Thus, this is how BBPS has entirely simplified the bill payments for people around India. Keeping this evolved scope of digitalisation in mind, businesses are now integrating BBPS APIs onto their business platforms. In this quest, FidyPay is assisting businesses to offer feasible bill payment solutions to their customers and add a passive revenue stream through commissions.
Get in touch with the FidyPay consultants to learn more about the BBPS benefits!
