MobiKwik Digitise Electricity Bills in Tamil Nadu
This association with Tamil Nadu Electricity Board (TNEB) in the state will benefit ~280 Lakh subscribers of the electricity boards
Chennai, Tamil Nadu, April 16, 2018: MobiKwik, India’s largest digital financial services platform, has announced its partnership with the Tamil Nadu Electricity Board (TNEB ) to enable subscribers to pay their utility bills digitally by using the MobiKwik wallet. This partnership will benefit the lives of close to 280 Lakh subscribers of the Tamil Nadu Electricity Board (TNEB).
Speaking on the announcement, Mr. Bipin Preet Singh, Founder and CEO, MobiKwik said, “At MobiKwik, our mission is to enable a billion Indians with easy access to digital payments, irrespective of their location. With BBPS going live, residents of the state of Tamil Nadu can now pay their electricity bills, with a single tap on their smartphones. Our efforts to digitise utility payments in Tamil Nadu are being acknowledged and we are receiving a positive response.”
Users in Tamil Nadu can now also receive supercash of flat Rs. 300 on using the code – KILLBILL – while making electricity payments for TNEB through MobiKwik.
“BBPS is significant in enabling a digital India and will facilitate a cashless society through migration of bill payments from cash to digital channel.” Bipin added.
The Bharat Bill Payment System (BBPS) is a tiered structure for operating the bill payment system in the country under a single brand. With this system, customers have a single location—physical or electronic—where they can pay bills such as for electricity, telephone, water, gas, and direct-to-home television. It acts as a one-stop payment solution for all bills across India “Anytime Anywhere”.
It is interesting to note that BBPS enables close to $1 million worth of transactions every day. As per a KPMG report, Rs. 26.90 mn was transacted through 19.21 mn transactions in December 2017, up 46% from April 2017, when the pilot was launched.