Where there is a bill, there is a way: Why the nationwide payment network NPCI is a revolution in making - News Summed Up

Where there is a bill, there is a way: Why the nationwide payment network NPCI is a revolution in making


Mobile recharges are already happening in a big way.The idea is to have bills of any type paid from anywhere using an interoperable bill payment network for the whole country. It has to facilitate the spinoff of the bill payment function from the NPCI, if needed. It is not only the format of electricity bills that differs from biller to biller, but also billing cycles and bill presentment.In certain states, electricity bill payment cycle is once in two months. Bill payments through digital platforms is a key component of this mission and early indications are positive. Therefore, the bill payment system should not be treated in isolation.


Source: Economic Times August 19, 2017 18:41 UTC



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