MyGate – Please integrate with BBPS (Bharat Bill Payment System)
Disclaimer: I
have no interests in MyGate or BBPS.
I just believe in the power of BBPS to transform the Billing landscape in
India. There is infinite scope for a National Billing Application in India.
The surface is not even
scratched. Let 85% of Bill Payments happen via BBPS.
Q: What is MyGate?
Ans: Quote
MyGate is a mobile-based
intelligent security application to enhance the safety of gated communities.
The product is designed and executed by founders with experience in Armed
Forces, NSG/SPG and technology experts from Google and Oracle. MyGate will
augment existing security in an intelligent and non-intrusive manner.
Maintenance payments - Your
residents will appreciate our low payment charges and the multitude of payment
options. Any credit or debit card, netbanking, UPI and even a few wallets are
accepted. Expect payment collection to be quicker and smoother.
Unquote
Q: What is BBPS?
Ans: BBPS (Bharat Bill Payment System) is an
integrated bill payment system in India offering interoperable and accessible
bill payment service to customers through a network of agents of registered
member as Agent Institutions, enabling multiple payment modes, and providing
instant confirmation of payment
There are various options.
MyGate has its own payment channel integrated into its Application.
A housing society
onboarding MyGate gets access to the Payment channel itself. Hence, the housing
societies do not have the need to integrate with BBPS separately.
One way can be integration
of MyGate as the main Biller and housing societies part of MyGate as sub-billers.
This can be a new model.
OR
MyGate Housing societies integration
to BBPS can be done by MyGate team and the backend
managed by BBPS. This may not require any
major changes at BBPS end.
Either way, MyGate and BBPS will be the winners.
The more transactions
happen on BBPS, the better for India.
MyGate is just an example
of App-based security management services for gated communities and apartment
complexes is a rapidly evolving sector.
Apart from MyGate, there are many similar players viz including
Reliance’s JioGate, GateKeeper by ADDA, NoBrokerHOOD, Smart Guard, and
Lockated, which let communities improve security processes, manage visitors and
deliveries, and auto-generate gate passes.
Read more at: https://yourstory.com/2020/05/product-roadmap-apartment-management-app-mygate-coronavirus-social-distancing.
i read your blog ,its good but i want to know more about bharat bill payment system .
ReplyDeleteDear Prashant your blog was informative. We at www.esanchalak.com one of leading financial and compliance managment platform for housing societies have integrated BBPS. We onboard housing socities on BBPS platform within 2 working days.
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