How will the latest technologies disrupt the bill payment industry in 2020

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.


Technology has changed the landscape of the bill payment sector in an unimaginable way possible. The commercialization of the smartphones through the bill payment sector to even Pay Online Water Bill  through the next-generation application built on security technologies. A decade ago, things were different. Cash was the king( it still remains to be so but at variable influx). But the smartphones were rare and bill payments apart from standing in queues were a far thought. Then with the influx of smartphones changed the landscape of financial transactions.

According to the McKinsey report, Indian Users using Internet service will increase by 40% through 2023, this includes under-tapped rural India as well. With this, the smartphone users will also double in the same forecasted period. This influx is guiding the country into an ultra-modern era including the QR code payment app. This influx is creating connected markets, peer-to-peer transactions, on-the-go access to products and exposure to the pay-as-go era as well. These services are empowering India digitally. The country is highly involved in the Bharat Net project to integrate all 250000-gram panchayats of India with high-speed internet services.

The government along with the regulators have taken measures to encourage digital adoption in the country. The mobile bill payment service providers were highly encouraged with the regulatory policies like cybersecurity hygiene, KYC, UPI payments that connected all the major banks under one roof. These measures created a fertile womb for the growth of digital service providers. Also, the government catalyzed the change with Digital India, Smart cities mission, startup India, Aashhar enrollment, GST, demonetization etc. Hence bses yamuna electricity bill payment can be made securely through the bill payment services.

Along with this, the government is increasing transparency related to security and decreasing the unauthorized transactions by preventing non-compliance and data leakage. This is providing industries of all sectors including the bill payment sector to view digital payments as a source for superior efficiency and settlement of payments like making Postpaid Mobile Bill Payment quick and efficient.

The XIPHIAS XPay Life Pvt Ltd is one such start-up that is expanding bill payment sector from the previous the technological pastures of the bill payment industry by catering both online and offline bill payment customers through the mobile app, website, bill payment kiosk, POS machines, and Mobile Vans.

According to the Google BCG report, 80% of rural India and 20% of the urban sector still prefers physical cash for all financial transaction. To cater to the huge mass onboard the digital platform, our invention is providing a high-end technological infrastructure that can accept cash during the utility bill payment such as Landline Bill Payment and make the whole transaction digital.

As the cash preferring population is massive in India, we are providing an invention that can bridge the economic gap between the urban quanta that prefers the online payment solutions to a huge rural sector that depends on cash transactions through the bill payment kiosks installed in strategic places all around India. Also, these kiosks are installed in the mobile vans that also consists of the mini-ATMs and vending machine.

The POS machines will replace the biller’s counters and small merchants can also use this without any risk of investment.

Mobile vans is further expanding the bill payment sector by visiting remote villages where footfall is high and provides bill payment services. People can also use tollfree number to call the mobile van to a specific place. With this invention, people can use cash for Gas Bill Payment as payment mode and make the transaction digital. This invention also helps them to slowly transit to the highly evolving online payment modes with ease in the future.

These invention has the novel intent to include the remotest village in the digital bill payment sector and hence to equip them through the transition to the online payment modes in India thus catering to realizing the dream of “Digital India”.

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