Jumbotail -Please onboard BBPS as a Biller and Agent Institution
Lead Resource Article for this Blog Post: [Product Roadmap] How B2B marketplace Jumbotail has been able to maintain scale amid the coronavirus crisis
Read more at https://yourstory.com/2020/05/product-roadmap-b2b-marketplace-jumbotail-scale-coronavirus
Jumbotail is emerging as a major player in the B2B arena.
Q) Why Jumbotail as a BBPS Biller?
Ans: Jumbotail services
26,000 + Kirana Stores across Bengaluru. These kirana stores need to pay to
Jumbotail for the goods received by them.
Jumbotail has its own PG
for it’s kirana store customers, however BBPS will
increase the acceptance network. Invoice Financing once the bills are paid via
BBPS will be more convenient.
Q) Why Jumbotail as a BBPS Agent Institution?
Ans) Simple, Jumbotail caters
to 26,000 and growing Kirana Stores across Bengaluru.
Customers of these kirana
stores also need to pay their utility bills, other bills under various BBPS Biller Categories. As these customers shop
for their daily needs, they can also pay their BBPS Bills in the same kirana store.
The basic trust between
Kirana Stores and their customers is already there. Hence, the same set of
customers will be willing to pay their bills at the same kirana store.
This is turn will increase
the footfalls in the respective kirana stores.
A prominent ‘BBPS Bills’, payable here Board will do the
trick.
What is in for the Agent
Institution?
Single Integration -
Easier and single integration with a Consumer BBPOU
Touch Point - Access to
all billers of various categories under BBPS via the single BBPOU.
Revenue Opportunities -
Increased revenue opportunities due to increase in bill payment transactions
Increase in Customer
footfall - Apart from the primary business, get an opportunity to increase
footfall on account of bill payment business
What else is required for
Jumbotail to onboard BBPS ?
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