Punjab State Power Corporation partners Paytm for online bill payments
In a bid to promote the payment of electricity bills online, Punjab State Power Corporation Ltd has joined hands with Paytm Payments Bank.
This will help the Corporation in on-boarding the Bharat Bill Payment ecosystem and hence allow the customers in paying their power bills online, conveniently, said Baldev Singh Sran, Chairman and Managing Director, Punjab State Power Corporation Ltd (PSPCL).
Online payment facility by PSPCL will help its 80 lakh consumers pay their bill through a single online window hasslefree.
“With Bharat BillPay, PSPCL consumers have a safe and secure option to pay their bills and it saves time and cost of travelling to various PSPCL bill collection centres. It empowers the consumers to pay their bills at one single platform instead of visiting multiple websites, apps etc,” he said.
Bharat Bill Payment system is managed by National Payments Corporation of India (NPCI) and conceptualised under Reserve Bank of India (RBI) ecosystem.
Bharat Bill Payment System has currently enabled 125 billers out of which 95 billers live across India.
“With an ecosystem like Bharat BillPay our motto has been to make the consumers’ life easier by providing a one-stop destination for all recurring bills,” said A R Ramesh, chief project officer, Bharat Bill Payment System, NPCI.
Last year, around 24 percent of power utility collections across Punjab were via digital sources. This figure has inflated further in August this year and till today nearly 56 percent collections are done through e-payments, said Sran from PSPCL.
“On five occasions, more than Rs 100 crore was collected through digital payments and on a single day Rs 240 crore was collected,” he added.