India’s Bill Payment market has seen a rapid growth – CAGR of 15.5% during FY’2010 to FY’2015 in terms of volume of bills paid.
The rise in penetration of internet, smartphones and advent of new technologies is driving this growth. In a market like India where regulations are still evolving, the urban segment is already moving to digital payments but the rural segment comprising of 66.5% of country’s total population is still in transition. Majority of the nation is still relying on offline utility bill payments modes. The offline utility bill has revamped and build solutions to make the process easy and reliable to enable fast transactions and provide adequate protection to customer’s money. Utility billing being the major contributor comprises of bill collection agencies, distributors & retail-cum-payment outlets .
BluPrints easy to use mobile printers provides on the spot receipt generation solution-a quick, hassle free proof of payment. Our mPOS receipt printers supports all billing applications being used in India for recording the data, generating bill and instant update of company’s record. This system has not only financially benefited the utilities to increase their collections but also ensure timely payments & reduced miscommunication regarding late payments.