#The Reserve Bank of India has stopped Paytm Bank
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Paytm Payment Bank:पेटीएम नियामक अनुपालन के खिलाफ आरबीआई की कार्यवाही
RBI Proceedings Against Paytm Bank Regulatory Compliances
The recent action of the Reserve Bank of India (“RBI”) against Paytm’s subsidiary, the Paytm Payment Bank has sent ripples across the fintech industry. The payment bank has been barred by RBI from engaging in any further activities that involve accepting deposits or top-ups in any customer account, prepaid instruments, FASTags, wallets,…
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PR Sundar Finfluencer, Analyzes RBI's Control over Paytm Bank: Effects on Fintech Startup Ecosystem
PR Sundar, a notable figure in the financial world, shares insights about how RBI's recent actions towards Paytm Bank could affect the broader fintech industry. He emphasizes the importance for fintech startups to follow regulations closely.
The Reserve Bank of India (RBI) recently made a significant move targeting Paytm's subsidiary, Paytm Payment Bank. This has caused a stir in the fintech sector. RBI has stopped Paytm Payment Bank from taking part in various activities like accepting deposits, adding funds to customer accounts, and providing prepaid instruments, FASTags, wallets, and similar services after February 29, 2024. PR Sundar, an expert in finance, explains the implications of this move and how it could affect other fintech startups. PR Sundar Finfluencer says, "This decision by RBI stops Paytm Payment Bank from signing up new customers immediately, which will have other consequences."
The shift towards digital finance, especially accelerated by the COVID-19 pandemic, has raised concerns about regulations regarding data privacy, cybersecurity, and financial inclusion. Regulatory bodies like RBI feel the need to strengthen their oversight and enforce stricter compliance standards to manage risks effectively.
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Paytm shares hit upper circuit again at Rs 428
Shares of Paytm owner One97 Communications jumped 5 per cent in the morning trade on Monday after Reserve Bank asked retial payment settlement body NPCI to examine the possibility of migrating Paytm Payments Bank customers using '@paytm' UPI handle to other banks.
The stock of crisis-hit fintech company climbed 5 per cent each to Rs 428.10 and Rs 427.95 apiece -- also its upper circuit limit -- on the NSE and BSE.
In the morning trade, the 30-share BSE Sensex benchmark slumped 288.71 points or 0.39 per cent, while NSE Nifty fell 71.55 points to 22,141.15.
On Friday, the scrip of One97 Communications rallied 5 per cent and locked in upper circuit limit on the BSE.
In a bid to prevent any disruptions in the payment ecosystem, the Reserve Bank of India (RBI) on Friday asked the National Payments Corporation of India (NPCI) to examine the possibility of migrating Paytm Payments Bank customers using the UPI handle '@paytm' to 4-5 other banks.
The central bank came out with additional steps for the benefit of customers, wallet holders and merchants who are availing banking services from Paytm Payments Bank, which has been barred from accepting deposits and credits after March 15, 2024.
As the PPBL cannot accept further credits into its customer accounts and wallets after March 15, 2024, certain additional steps have become necessary to ensure seamless digital payments by UPI customers using '@paytm' handle operated by the bank, and minimise concentration risk in the UPI system by having multiple payment app providers, the RBI said in a statement.
"NPCI has been advised by the RBI to examine the request of One97 Communication Ltd (OCL) to become a Third-Party Application Provider (TPAP) for UPI channel for continued UPI operation of the Paytm app, as per the norms," it said.
Meanwhile, an advisory committee, set up by One97 Communications after the Reserve Bank's action on its payments bank business, is at a stage of engagement with the company on matters related to the terms of reference for the panel.
The panel's head and former chairman of Sebi M Damodaran on Sunday said, "We have been engaging with the group on matters relating to the Advisory Committee's terms of reference."
He said that the panel members are external advisors and at present Paytm is engaged in dealing with the RBI.
On January 31, the RBI asked PPBL (Paytm Payments Bank Ltd) to stop further deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, and National Common Mobility Cards, after February 29. Later, the central bank extended the deadline till March 15.
Paytm on February 9 announced setting up of a group advisory committee headed by Damodaran. The committee was set up to advise the company on strengthening compliance and on regulatory matters.
One97 Communications Ltd (OCL) holds a 49 per cent stake in PPBL.
Source : Paytm shares hit upper circuit again at Rs 428
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Cashfree Payments launches ‘Co-lend’: India’s first fully automated escrow management solution for co-lending
Cashfree Payments launched ‘Co-lend’, India’s first fully automated escrow management solution for co-lending. ‘Co-lend’ has been developed in line with the digital lending guidelines announced by the Reserve Bank of India (RBI). It facilitates instant disbursal with auto reconciliation and a dashboard for managing multiple partnerships. Additionally, it requires no manual intervention, automatically notifies the loan management system, and eliminates reconciliation efforts.
Currently, in co-lending partnerships, the reconciliation of funding to the escrow accounts for disbursement and repayments is done manually, resulting in errors and delays. The lender and originator pool money into the Co-lend escrow, and then disbursals and collections happen from and into the escrow. In this process, the Loan Management System (LMS), the Loan Origination System (LOS), and the actual loan disbursal as well as repayment are disconnected, resulting in reporting delays and challenges in accounting and reconciliation for each player in the partnership. Cashfree Payments’ ‘Co-lend’ addresses all these challenges and makes the entire process automated, increasing efficiency and accuracy.
Cashfree Payments’ ‘Co-lend’ provides a robust platform for co-lending originators and lenders, especially the ones sanctioning high volumes of loans, where real-time disbursement, repayment and reconciliation are primary requirements. Cashfree Payments has also partnered with Loan Management Service and Loan Origination Service providers as well as banks to enable a plug-n-play offering for lenders to manage all their co-lending and add new partners with ease. The current set of banks that already support a Co-lend integration are ICICI Bank, Kotak Mahindra Bank, Yes Bank, IndusInd Bank, and Axis Bank.
Akash Sinha, Co-founder and CEO of Cashfree Payments, said, "With the exponential expansion in digital lending, there is a tremendous demand for compliant and scalable solutions. We are pleased to announce that Cashfree Payments now offers a co-lending platform to provide NBFCs and banks with a one-stop solution for escrow management, disbursal and repayment, with a focus on automating payments and complex reconciliation involved. As an innovator in the API banking and payments space, we have strived to deliver this solution at a vital juncture to assure continuity and development for our merchants while maintaining compliance at the forefront.”
With over 50% market share among payment processors, Cashfree Payments today leads the way in bulk disbursals in India with its product Payouts. Recently, India’s largest lender, SBI invested in Cashfree Payments, underscoring the company’s role in building a robust payments ecosystem. The company works closely with all leading banks to build the core payments and banking infrastructure that powers the company’s products and is also integrated with major platforms such as Shopify, Wix, Paypal, Amazon Pay, Paytm and Google Pay. Apart from India, Cashfree Payments’ products are used in eight other countries including the USA, Canada and UAE.
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RBI Bans Paytm Payments Bank From Taking On New Customers
RBI Bans Paytm Payments Bank From Taking On New Customers
Paytm Payments Bank: RBI bans Paytm Payments Bank from taking on new customers
BENGALURU:
The Reserve Bank of India has directed Paytm Payments Bank to stop taking on new customers with immediate effect, citing “material supervisory concerns observed in the bank.”
The bank has also been directed to appoint an audit firm to conduct a comprehensive audit of its IT system, the Reserve Bank of…
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These 5 best apps can be used as an alternative to Paytm, you will get great features
These 5 best apps can be used as an alternative to Paytm, you will get great features
Phonepe, Amazon Pay, Google Pay, MobiKwik and BHIM App are included in the list of Best Paytm Alternatives. These apps are very easy to use and they are also safe to use.
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reserve Bank of India (Reserve Bank Of India) has Paytm to his Paytm Payments Bank (Paytm Payment’s Bank) Adding new customers to the service has been asked to stop…
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RBI Bans Paytm Payments Bank From Taking On New Customers
RBI Bans Paytm Payments Bank From Taking On New Customers
RBI Bans Paytm Payments Bank From Taking On New Customers
BENGALURU: The Reserve Bank of India has directed Paytm Payments Bank to stop taking on new customers with immediate effect, citing “material supervisory concerns observed in the bank.”
The bank has also been directed to appoint an audit firm to conduct a comprehensive audit of its IT system, the Reserve Bank of India said in a…
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RBI Bans Paytm Payments Bank From Taking On New Customers
RBI Bans Paytm Payments Bank From Taking On New Customers
RBI Bans Paytm Payments Bank From Taking On New Customers
BENGALURU: The Reserve Bank of India has directed Paytm Payments Bank to stop taking on new customers with immediate effect, citing “material supervisory concerns observed in the bank.”
The bank has also been directed to appoint an audit firm to conduct a comprehensive audit of its IT system, the Reserve Bank of India said in a…
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RBI takes action against Paytm Bank Ltd. u/s 35A of the Banking Regulations Act, 1980
RBI takes action against Paytm Bank Ltd. u/s 35A of the Banking Regulations Act, 1980
Reserve Bank of India , in exercise of its powers, inter alia, under section 35A of the Banking Regulation Act, 1949, has directed Paytm Payments Bank Ltd to stop, with immediate effect, onboarding of new customers. The RBI also directed the Paytm Bank to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system. Onboarding of new customers by Paytm Payments Bank Ltd will…
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PR Sundar Finfluencer, Sheds Light on RBI's Control over Paytm Bank: Impacts for Fintech Startups
The recent action taken by the Reserve Bank of India (RBI) against Paytm's subsidiary, the Paytm Payment Bank, has sent shockwaves across the fintech industry. The RBI has stopped the payment bank from doing certain things like accepting deposits, adding money to customer accounts, issuing prepaid instruments, providing FASTags, wallets, and similar services after February 29, 2024.
PR Sundar, a well-known expert in finance, explains what this means for Paytm Bank and how it might affect other fintech startups. According to PR Sundar Finfluencer, "This move from the RBI essentially stops Paytm's payment bank from signing up any new customers right away, and it has other consequences too."
With the rise of digital finance, especially due to the COVID-19 pandemic, regulators are increasingly concerned about issues like data privacy, cybersecurity, and making sure everyone has access to financial services. In this context, regulatory bodies like the RBI feel the need to tighten their supervision and make sure everyone follows the rules properly to reduce risks.
The RBI's actions against Paytm Bank mainly stem from worries about whether the bank is following all the rules properly. PR Sundar points out, "There have been cases where Paytm Bank allegedly didn't do a good job with things like knowing their customers or following anti-money laundering rules, and this has raised concerns." Moreover, the RBI is worried about potential dangers related to Paytm Bank's way of doing business, especially regarding the security of customer information and the stability of the whole financial system.
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Infibeam Avenues: A Good company to Invest
I’ll discuss these topics
General information about Infibeam
Vision & Mission
5 – 10 Years – Goals of Infibeam
Journey of Infibeam
Good points
Revenue Model
Strong Balance Sheet
Bad points
Financial performance
Conclusion
You can visit my Site for a better reading experience.
My website -
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Vision & Mission
Mission – is to provide world-class state-of-the-art fintech platforms for trade, commerce, and payments.
Vision – is to enhance the way customers and merchants live, trade, and transact through the digitization and democratization of commerce.
Infibeam wants to build a world-class Fintech company as Fintech is ‘Next Generation’ and capable of delivering a 10X value proposition to the customer.
5 – 10 Years – Goals of Infibeam
20 million merchants by FY 2031
2+ Million agents by FY 2026
Plans to have a footprint in 12-15 countries in the next three years
Commercially launch credit business and expand credit offering with various value added services
Good points
Revenue Model –
82% of gross revenue is transaction based as of FY21.
. The company also earns fixed annuity like revenue from its Platforms business in the form
license fee,
subscription fee,
setup costs,
development fees,
maintenance charges and through value added services.
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Strong Balance Sheet
Total non current assets FY21 – ₹2667 crore
Total non current Liabilities FY21 – ₹53 crore
Consolidated Profit After Tax – ₹70.2 crore FY21
Net Cash flow from Operating Act FY21 – ₹155 crore
Cash and cash equivalents – ₹178 crore FY21
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Huge demand in the country, In FY 2020-21 the value of transactions processed increased by 64% to 139,405 crores from 85,251 crores in FY 2019-20.
The company has a huge buyer list including small, medium, and large businesses, governments, banks, and financial institutions.
Infibeam has recently applied for a Retail Payments License from the Reserve Bank of India (RBI)
through its subsidiary SoHum Bharat Digital Payments (“So Hum”) along with consortium partners Jio Platforms, Google & Facebook.
This helps further the ambition of IAL to be a one-stop digital payments provider.
Government support – the platform being adopted by the Government of India for its e-marketplace. it is a plus point from investors’ view.
Covid Impact – 50% of customers shifted online for general store products. source: RBSA advisors
The company has increased its global presence – Oman, The USA, and the GCC region.
The company will soon launch neo (digital) banking and lending business through syndication with various lenders
Bad points
intense competition from Many Competitors, & in upcoming years competition is supposed to increase.
PayPal India
PayU
Paytm
RazorPay
Instamojo
Cashfree
EBS
BillDesk
HDFC Payment Gateway
PayUbiz
Atom Payment Gateway
Cashfree
Infibeam Avenues is in the Technology space where MIT graduates are working hard to make a low-cost product.
The company had many demergers in its journey. like Suvidhaa, DRC solutions, Ingenious eCommerce. Which minimized its revenue.
Infibeam Avenues had acquired many companies that question the company’s inability to create its own products. or the company is late to trap the early benefits.
Government regulation is evolving and unfavorable changes could harm its business in the future.
The low percentage of Promoters shareholding. it shows a lack of confidence from the promoter’s side.
Conclusion
The growth of millennials & high smartphone penetration indicates a strong headroom for growth.
India, with its 1.4 billion population, jumped on the digital bandwagon and is steadily racing ahead.
Most Indian families now have access to at least one mobile, and thus, the telecom and internet revolution paved
the way
for other technological revolutions such as fintech, e-commerce, digital banking, e-governance, and more.
online shopping and online banking got a huge acceleration due to the pandemic.
Indian Digital payments industry currently stands at 2,153 Trillion and will grow at 27% CAGR to reach 7,092 Tn by FY25, as per the Annual Report.
Infibeam’s current aim is to make enterprises and banks customers and
enter payment issuance business to offer neo banking and lending to small and medium enterprises and the corporates.
Infibeam Avenues is in the Technology space where MIT graduates are working hard to make a low-cost product.
many strong competitors may kill Investors’ will to invest in this company.
It’s up to Investors to choose positive future growth or discard it for having no strong economic moats.
Thanks for reading
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India’s Prime Minister Holds Crypto Meeting, Urges Ban On Misleading Ads https://bitcoinist.com/indias-prime-minister-holds-crypto-meeting-urges-ban-on-misleading-ads/?utm_source=rss&utm_medium=rss&utm_campaign=indias-prime-minister-holds-crypto-meeting-urges-ban-on-misleading-ads
Narendra Modi, the Prime Minister of India, on Saturday chaired a meeting on crypto in India.
During the meeting, the officials present agreed that some crypto platforms are misleading the youth of the country. And that there is a need to stop non-transparent advertisements.
Indian Lawmakers And Cryptocurrencies
The meeting comes days after Reserve Bank of India (RBI) governor Shaktikanta Das sounded an alarm on cryptocurrencies. He also cautioned investors on the potential pitfalls. He said the crypto market was a cause for concern to the macroeconomic and financial stability of the country’s economy. Other lawmakers in India have also expressed concerns around the potential misuse of crypto for laundering money and financing terrorism efforts.
Related Reading | Indian Government Set To Hear Crypto Companies Next Week
Despite this, more and more Indians are beginning to get on the crypto train. Several Bollywood stars have even promoted cryptocurrency trading in recent weeks.
In March, the Indian government considered a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets. However, from the meeting yesterday, the government is planning progressive and forward-looking measures on issues related to cryptocurrencies. This move is a departure from its earlier attempts to restrict the use of digital assets.
Earlier this month, a high-profile Indian politician reportedly said that the country would introduce laws that welcome innovation around blockchain technology.
In an August 2021 report, Chainalysis announced that India had ranked second in the global cryptocurrency adoption index. According to the data, India’s crypto market has grown 641% over the past year.
Prime Minister Holds Crypto Meeting
According to local news, the Saturday meeting was on the way forward for cryptocurrency and related issues. There were also discussions regarding how to stop non-transparent advertisements that mislead young investors.
“It was strongly felt that attempts to mislead the youth through over- promising & non-transparent advertising be stopped,” government sources said.
Total crypto market at $2.773 Trillion | Source: Crypto Total Market Cap from TradingView.com
RBI Governor Shaktikanta Das and Securities and Exchange Board of India (SEBI) chairperson Ajay Tyagi were present at the meeting held in New Delhi.
During the meeting, there was a consensus that unregulated crypto markets cannot become avenues for money laundering and terror financing. According to the report, the government also plans to keep a close watch and take proactive steps, whenever necessary, on this evolving technology.
Related Reading | India’s Payment Giant Paytm May Add Bitcoin If Government Legalizes Crypto
The officials also reportedly agreed that the government would take progressive and forward-looking steps in the crypto industry. It would also consider global partnerships and collective strategies since the crypto issue is cross-border.
Featured image by CoinMarketCap, Chart by TradingView.com
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PAYTM Business Model: Introducer of Cashless Transactions in India
Paytm Business Model rotates around various administrations associated with Payment System, Digital Wallets, Online Shopping, and Mobile Payments alongside various items. as an example , Paytm Money, Paytm Mall, Paytm Smart Retail, Paytm Payment Banks, and Gamepad.
Vijay Shekhar Sharma’s main aim was to introduce cashless transactions in India through Paytm.
Paytm represents Pay through Mobile. At first, it began as an internet recharge site and cashback business model. However, later this model become a virtual bank and commercial centre model.
Utility invoice payments
Mobile recharge
Bookings for hotels, travel, occasions, and films
In-store installments at markets, vegetable, and organic products shops, eateries, tolls, stopping, drug stores, and academic bodies that have Paytm QR code
These are some things that Vijay Shekhar Sharma dreamt to need online before developing PayTM.
PAYTM Business Model: THE OVERVIEW
PayTM founded by Vijay Shekhar Sharma is India’s biggest E-commerce, E-wallet, and installments platform ‘Paytm’ in 2010. Paytm has stayed at the vanguard of advancement and giving first-rate bill payment and online recharge administrations to its customers. Normally, the business model of PayTM was collect huge interest.
1. Customers
The motivation behind Paytm is to serve its Indians client base especially the phonephone clients. Numerous Indian clients saw the advanced world giving a simple opportunity to open a financial account.
Notwithstanding, it didn’t end up being things . Accessing simple online payments missed the mark, and clients aroused with only helpless experience. Paytm offered itself as a superior option in such a fashion .
2. Value Proposition
A portion of Paytm’s more noticeable suggestions was its recharging business which was the organization’s underlying assistance recommendation.
At that point , it proceeded to expand and reach create fresher administrations from any semblance of Paytm Wallet, E-trade vertical to Digital Gold.
These have earned it the Chinese monster Alibaba’s endowments who gave immense amounts of investment to the association, subsequently expanding its investment potential. Paytm used cricket and tv promotion to achieve bent more clients.
3. Customer Relationships
Paytm features a 24*7 client care focus to accompany its clients. Simultaneously, the greater a neighborhood of the Paytm administrations are self serve in nature and are open through their foundation straightforwardly.
4. Channel: Business Model Of PayTm
Paytm utilizes numerous channels to draw in clients. aside from its own site which drives clicks, it's shaped organizations with numerous customer and merchant locales that support its venture.
Demonetization in India permitted the organization to flourish altogether and reach new clients also.
5. Key Resources
The RBI (Reserve Bank of India) permit fills in as Paytm’s fundamental asset. It should be explicit to Paytm. Different assets are the plan/programming society that makes it simpler for lower-pay Indians to utilize.
6. Key Activities
Paytm, being an innovation stage, chances threats, as an example , security and extortion which is that the rationale it must take measures in ensuring its customer’s cash by upgrading its security.
7. Key Partners
Paytm corroborates with the banks that provide instalment excursions into the financial framework whilst escrow administrations.
It teams up with a heap of associations that accumulate bills and installments from its purchasers for its administrations.
Read: Top 5 Best Financial books which can cause you to Rich
PayTM Competitors
Paytm’s top competitors comprises of
Ant Financial
MobiKwik
FreeCharge
Rupay
Amazon Pay
PayPal
Razorpay.
PayTM Funding
Paytm raises money by various funding and investments.
In One97 Communications Ltd Paytm raised $10 million from Sapphire Ventures (fka SAP Ventures).
In March 2015, Paytm got its tremendous stake from Chinese internet business Alibaba Group, after Ant Financial Services Group, an Alibaba Group offshoot, put 40% confidence in Paytm as a feature of a key understanding.
It also got funding from Ratan Tata, the MD of Tata Sons.
In August 2016, Paytm raised subsidizing from Mountain Capital, one of Taiwan-based MediaTek’s speculation assets at a valuation of over $5 billion.
In May 2017, Paytm got its greatest round of stake by a solitary financial specialist – SoftBank, consequently carrying the organization’s valuation to an expected $10 billion.
In August 2018, Berkshire Hathaway contributed $356 million for a 3%-4% stake in Paytm.
PayTM had an estimated valuation of $10 billion before the highest of January 2018.
On 25 November 2019, Paytm brought $1 billion up during a subsidizing round drove by US resource chief T Rowe Price alongside existing speculators Ant Financial and SoftBank Vision Fund.
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Bharat Bill Payment – One Stop Solutions for All Bill Payments
Bharat bill payment system (BBPS) introduced by the reserve bank of India (RBI) and driven by the national payments corporation of India (NPCI). BBPS is a one-stop integrated online platform that allows any time anywhere utility bills payment by providing interoperable and accessible services that ensure reliability and safe transactions. Unlike Paytm, it offers services to people from rural areas to urban areas. One can make payments through business correspondents like iServeU, ATMs, MPOS machines, and iServeU agents which provide the services in the unbanked and under banked areas.
Key Features of BBPS:
· 100% Secure Transactions
· User-friendly Platform
· Unite the different payment ecosystem
· Accepts multiple channel and modes of payment
· Proper complaints management
· Easily accessible
· Multiple clearing and guaranteed settlements
· Benefits of Bharat bill payment system:
· It offers an integrated platform for timely and guaranteed settlements.
· If you have any problem with the system, you can contact the dispute management and complaint management system.
· Instant settlements will improve the liquidity position of Billers
· Convenient, easy to use, and total time saver
· One can rely on this system because of transparency in the transaction process
· Get instant approval or confirmation
· Great customer’s experience
· �� Multiple payment modes like NEFT or IMPS
· Anytime Anywhere Payment option
· A move towards a cashless society
· Bill Payment from electronic channels
Steps to follow to make bill payment using Bharat Bill Payment System
Step 1: Visit a bank or branch/connect to any internet banking or app of your respective bank or visit a retail shop offering BBPS services.
Step 2: Click on bill payment or BBPS Tab
Step 3: Choose the category of biller and enter the details of the bill
Step 4: Initiate a payment and get instant approval.
The BBPS is introduced to provide a unified payment solution to everyone. It is an economical, easy to operate, and convenient substitute to cash or wallet payment with lots of features. With this system, you can pay bills of:
· Electricity
· DTH
· Internet
· Water/Municipality
· Gas supply
· Telephone
· Government payments
· Charity
· Institutional fees such as school fees or college fees.
· Other payments Insurance, mutual funds, credit card bills
· Key Participants
· Here is the list of key participants:
· Bharat bill payment central Unit
· Bharat bill payment Operating Unit
· Agent institutions
· Business Correspondent
· Agents
· Billers/Utility Company
· Charges of BBPS
· The charges of Bharat bill payment services is Nil. There’s no monthly service fee to use Bill Pay.
The Bottom Line:
The introduction of Bharat bill payment has provided ease to customers and improve their experience. One can rely on this payment system as the government has launched it with a motto to integrate all the payment systems. Now the customers don’t have to go to different offices for bill payments. One can easily pay the bills with the help of a business correspondent like iServeU. iServeU Agents are in every corner of India and helping rural people to pay their utility bills with ease. For more info, visit iserveu.in or call on 08338088000.
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Make Real Money: Verified 7 Money Earning Apps in India
Everybody wants to do more days; In fact, the whole world is driven by the simple idea of making endless money, as it generates growth and self-esteem. Since the dawn of technological development around the world, people increasingly find ways to spend their time making money.
The Internet provides more information; Basically unnecessary information on money making apps. Take Advantage of This - There are tons of potential scammers who exaggerate their earnings to trap people in their honeynet.
Everyone has a smartphone these days, and almost everything we do with it requires an app.
Wouldn’t it be great if you could also make money with just a few apps? While you won’t get super rich, you can still make more money from your Smartphones with Mobile Apps. Today, earning money is the most important thing in all aspects of a prestigious life.
In today’s track, we will show you how to make money with online money making apps. Everyone uses a smartphone and most of them don’t know that they can earn money while sitting at home and spending time with their smartphones. There are many money making apps available on Android and IOS platforms. You can earn real money and rewards like gift cards, free reloads, PayTM cash, real money, and more. Isn’t it nice to know that you can earn more than the earnings of a 9 to 6 day job in a few hours? There are many ways to earn money online that can depend heavily on passion and opinion. You don’t want to get a degree, all you need is interest to work and earn easily.
Now is the time when your Android device should be really productive for you. Most of us have an Android device and it is time for us to use that phone and get some money. Today we come across dozens of applications that claim to charge for free. Many of us don’t even download them because we don’t. I don’t know if they are real or not. Next, I will tell you about the best applications personally tested by me and many other people who offer free rechargeable applications.
One time we stopped at the “recharge wale ki dukaan” counter and asked for recharge rates and new offers. The merchant would indicate the large map on the walls or he can personally recommend us according to our budget. For some, days like these are over. For some, cargo stores are an alternative, while the Internet is not available.
Earn money with Android now. Here we are going to see the best Indian apps to earn money, those special apps earn more income by online recharge, watching ads, app referral code to earn money, apps to Make money on Google Play, best apps to earn talk time, best apps for earn money from home for Amazon, updated online money making apps, other money making apps like PayTm and many more. Don’t pay for mobile recharge again starting earning today.
You are here for HIGH PAYING MOBILE CHARGING APPS; Without a doubt, one of the most important things for smartphones is charging. But what if you have a chance to easily win free mobile recharges just by sitting at home? Yes, it is that simple. In India it has now become so easy to earn free unlimited mobile recharge online that you not only get free talk time, but you also earn some money by referring your friends. These are some of the applications listed below; available in app stores for all your mobile users.
Here we will see; How do I get free mobile recharge? Where can I get a free prepaid mobile recharge? What are the ways to earn free mobile charging? What applications are specially used to get free mobile recharges in India? Where do you get a free mobile recharge code? There are so many starter apps that offer attractive deals and good deals to earn mobile balance or top up mobile online and also allow you to get unlimited payments by referring your friends.
Important points to consider:
Make the right decisions. Always use your judgment, whether an opportunity is right for you or not.
If a money-making program asks you to pay first to get in, be careful. There are many money making platforms that do not require any upfront payment or registration fees.
Please use your discretion when providing all personal details when signing up for an online money making program. Never give your crucial personal information, such as credit card information, bank account information, or social security number, to a company that claims that providing this information will help you get started.
1. Empire ReEarn
Empire ReEarn just gives you easy access, also provide fast transactions. ER can complete your prepaid mobile and DTH recharge in less than 10 seconds. You can top up your mobile immediately and receive an attractive refund for every Recharge transaction.
Along with the ability to recharge multiple times, Empire ReEarn provides referral revenue to consumers. The ER user will not get the benefit of all this revenue until he becomes a member and completes his ER profile. All four types of income have their own modules and forks that must be followed in order to take advantage of the Empire ReEarn benefits. But in general, there is a way to increase your income by following these steps. There is yet another platform to establish your business.
2. Khatriji
Whenever the user self-registers with Khatriji, buys the product from Khatriji and then joins one of the tree at his / her request using Khatriji’s product key, the user is called Khatriji’s Skyomie. The Skyomie can expand the tree by referring to his friends and families, and if one of them buys the product from Khatriji, Skyomie will get even more referral income in that case.
So a tree has been developed and Skyomie has the advantage of making money from various users he / she referred. This whole process is called Make Your Own Money Tree. Now if the Skyomie buys the same product again from Khatriji, he / she will also receive an income for buying again. The cashback offered after every mobile and DTH top-up also increases your income to some extent.
3. Pocket money
The pocket money app is exactly what it sounds like, an easy way to earn pocket money. If you are interested in free refills and rewards, pocket money is a great option for you. All you need to do is complete some basic tasks and commands to earn top-up coupons, free talk time, Paytm Cash, and many other rewards. The app pays a whopping Rs 20 per referral. You can even get paid to watch videos and use data through some apps. Users claim to have earned up to Rs 120 per day from this app.
4. Earn talk time
Earn talk time is another application that started charging for free in terms of rewards. Now the app offers cash from Paytm that you can use to shop, top up, eat, etc. They even pay you for referrals which can be a great way to increase your earnings. You can perform tasks assigned to you, including surveys, watching videos, app downloads, and referrals. You can earn unlimited rewards with this app based on your usage. If you are not comfortable with surveys, you can easily read news or horoscopes in the application to earn money.
5. Tapzo
If you are looking for a mobile charging and online payment app with great discounts and deals, Tapzo is a great option. The new all-in-one app is for all your prepaid mobile and DTH charges, postpaid, electricity and other utility bills.
Since Tapzo is still in the early stages, it offers lucrative deals and discounts on one transaction or another. You can also book taxis / taxis, cars, flights, hotels and buses / order food from a nearby restaurant / domestic services, book device repairs and vehicle repairs using the Tapzo app.
6. Niki
Niki is an artificial intelligence-based personal assistant app that provides a variety of bill payment services including electricity, prepaid and utility or bus tickets, online movie tickets, taxis, hotels, and more. In Niki you will find several providers that you will not find in other conventional applications.
In short, it is a single destination for all your needs, allowing you to remove various applications from your phone. Niki also offers exclusive offers, discounts, and cash back to its users when transacting with the app. Like Haptic, Niki also integrates with Amazon Pay for charging.
7. Haptik
Haptik is a one-stop app that integrates facilities ranging from booking taxis to movie tickets and plane tickets. The app partners with 25 services including Zomato, Ola, Bookmyshow, Go iBibo, Urbanclap, and Cleartrip to meet the needs of its users. With Haptik, you can also use your Amazon Pay balance to charge mobile prepaid / postpaid or top up DTH.
In addition to reservation services, you can use Haptik to set reminders using the chat-based personal assistant, pay bills, and find nearby places like ATMs, free Wi-Fi hotspots, pharmacies, bus stops, etc. The application is also full of interesting offers that can be used with any transaction.
Leave a comment if you love using money making apps or let us know if you are just starting out trying to make money from your phone.
Source : How to Make Money from your Smartphone: Try These 7 Mobile Recharge Apps
#earnextramoney#earnfromhome#earnincome#earntalktime#EmpireReEarn#pocketmoney#tapzo#niki#haptilk#khatriji#7apps
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