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Showing posts from July, 2022

KSEB – 90% Bill Collections via Digital Channels

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  KSEB – 90% Bill Collections via Digital Channels           Kerala State Electricity Board (KSEB) is fast moving towards its goal of maximising its bills collections through digital channels.           Electricity bills in India still move on the Post-Paid mode, rather than pre-Paid mode. These mean electricity bills are generated at predefined intervals. Consumers have a window of 10-15 days to clear the bills generated against their electricity bill account, to avoid disconnection or late penalty charges. LT Consumers have a choice to pay their bills via the Offline Mode or the Online Mode. In the offline mode, cash is the preferred choice. Cash can be deposited at the Utility Companies counters or accredited collection counters including banks / common service centres / state specific common service centres. At the same counters, consumers have a choice to pay through digital...

Kerala State Electricity Board (KSEB) boost to Bharat Bill Payment Systems (BBPS)

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  Kerala State Electricity Board (KSEB) boost to Bharat Bill Payment Systems (BBPS)           KSEB Is taking multiple steps to boost the BBPS ecosystem.           The objective is simple: Encourage more and more customers to pay through the Online Mode rather the Cash Mode.   This is the Head Line 1 - No more ‘cash counters’; KSEB to proceed with only online bill payment - Jul 23, 2022, 11:53 am IST Read more @ No more ‘cash counters’; KSEB to proceed with only online bill payment @ https://www.eastcoastdaily.in/2022/07/23/no-more-cash-counters-kseb-to-proceed-with-only-online-bill-payment.html   This is the Head Line 2 - KSEB revokes decision on online bill payment - Published: 24th July 2022 06:50 AM Read more @ KSEB revokes decision on online bill payment @ https://www.newindianexpress.com/cities/thiruvananthapuram/2022/jul/24/kseb-revokes-decision-on-online-bill-p...

Indian Bank onboards the Account Aggregator Ecosystem

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  Indian Bank onboards the Account Aggregator Ecosystem           This is one the best Press Releases on the Account Aggregator Ecosystem.           Read Indian Bank’s complete press release @ https://www.indianbank.in/wp-content/uploads/2019/03/Indian-Bank-LIVE-on-Account-Aggregator-System.pdf           The objective of Indian Bank onboarding the Account Aggregator ecosystem is highlighted in the Press Release Quote As a step towards building up and achieving the government’s mission of driving Open Banking in India, Indian Bank, a leading public sector bank of the country, has embarked on the journey of Account Aggregator Eco-System, with the aim of commissioning an avenue to its over 100 million customer base to digitally access and participate in the sharing of their financial data traversing across financial institutions in a secure, efficient and dynamic ...

Canara Bank onboards Account Aggregator Ecosystem in Stealth Mode

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  Canara Bank onboards Account Aggregator Ecosystem in Stealth Mode                 Surprised to see Canara Bank Logo in an Account Aggregator App last week. Tried to search more about this welcome news on search engines.               Not much luck,               Canara Bank started the journey on the Account Aggregator Ecosystem vide a Request For Proposal dt.21/02/2022.               The title of the RFP is ‘Selection of technical service provider for account aggregator solution in Canara Bank for a period of three years.’               The Go Live on the Account Aggregator Ecosystem in the 3 rd week of July 2022 is the outcome of the RFP dt....

Punjab National Bank onboards Account Aggregator (AA) Ecosystem

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  Punjab National Bank onboards Account Aggregator (AA) Ecosystem Punjab National Bank has announced that it has on-boarded Account Aggregator (AA) platform to help customers digitally access and share information from one financial institution to other regulated such entities. The initial benefit of AA Ecosystem can be the 83,00,000+ customers onboarded during the last few months through Digital Apnayen Campaign. The AA system helps banks leverage data acquired digitally through customers' consent. It thus eliminates the need for physical documentation furnishing by a customer for other financial usages. Punjab National Bank is the second public sector lender to go live in the ecosystem, acting as Financial Information User (FIU) and Financial Information Provider (FIP), the bank said on Thursday. An FIU can request data from the FIP based on a simple consent given by the customers on their Account Aggregator handle. QUOTE "Punjab National Bank is working on mul...

Union Bank of India – The First PSB to join the Account Aggregator Ecosystem

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  Union Bank of India – The First PSB to join the Account Aggregator Ecosystem               Just before my Birthday i.e 29 th April 2022, Union Bank of India released a Press Release. This press release in an important landmark in India’s banking industry. Union Bank of India vide Press Release dt. 29/04/2022, announced to the world that it has become the first public sector Bank to go live on the Account Aggregator Ecosystem for participating in Govt. of India’s Digital Initiatives. In brief, Account Aggregator is an Ecosystem to assist the Lenders to leverage on Digital data acquired with the consent from the Customers for providing them a seamless journey and eliminating the need of physical documentation. The key is customer consent. The major participants in the Account Aggregator Ecosystem are FIUs and FIPs Financial Information User (FIU) can request for data from the Financial Information Provide...

HMWS&SB to stop taking cash payments soon with Electronic Bills

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  HMWS&SB to stop taking cash payments soon with Electronic Bills               HMWS&SB is taking multiple steps to switch to 100% ‘cashless’, bill collection.               HMWS&SB is already live on NPCI BBPs (Bharat Bill Payment System). This means the basic integration for digital bill collection is already in place. Now, HMWS&SB is leveraging this to go for 100% ‘cashless’, bill collection. The plan is to completely move to 100% ‘cashless’, bill collection by September 2022. The full form of HMWS&SB is   ‘Hyderabad Metropolitan Water Supply and Sewerage Board’. The Board has following Functions & Responsibilities in the Hyderabad Metropolitan Area:- §   The Supply of potable water including planning, design, construction, maintenance, operation & management of water supply system. §   Sewera...

JBIMS and NPCI join hands for Master’s Program in Digital Payments

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  JBIMS and NPCI join hands for Master’s Program in Digital Payments               National Payments of India (NPCI) with its headquarters in Mumbai, unveiled a Master’s program for its employees in association with Jamnalal Bajaj Institute of Management Studies (JBIMS). Introduced in a collaboration with Jamnalal Bajaj Institute of Management Studies (JBIMS), the degree has been launched under NPCI’s “Learn while you Earn” higher education program. Indian banking account holders interact with NPCI Products every day 24*7, though majority may not be aware of the support NPCI provides in their daily banking activities ·        ATM Transactions – NFS ·        Cheques – CTS ·        Instant Funds Transfer – UPI ·        Bill Payments – BBPS ·        Toll Pay...

Wish 11 – Tata Neu – Please integrate Hubble for wonderful shopping experiences

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  Wish 11 – Tata Neu – Please integrate Hubble for wonderful shopping experiences Blog Author - Nayakanti Prashant Why 116 Wishes? Simple, Tata Neu has a wide canvas. QUOTE Tired of chasing offers? With Hubble you get 5% extra* if you shop now, or 10% extra* if you are planning for a future purchase. UNQUOTE Wish 11 – Integration with Hubble will be a win-win for Hubble, Tata Neu and most importantly Tata Neu consumers As on date, Hubble is integrated with Croma, Apple, Myntra and BlueStone Hubble has cleared the first barrier with a tie up with Croma. This means the top management Tata Group are convinced about the business potential of Hubble Hubble has a tie-up with Myntra, a multi-product Website. This means, there is a great opportunity for Tata Neu, a super App. Few benefits of Hubble integration with Tata Neu are as under: - Benefit 01) An opportunity for Tata Neu consumers to access Hubble rewards program Benefit 02) An opportunity for Tata Ne...

Wish 10 – Tata Neu – A separate tab for Tata NutriKorner

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  Wish 10 – Tata Neu – A separate tab for Tata NutriKorner Blog Author - Nayakanti Prashant Why 116 Wishes? Simple, Tata Neu has a wide canvas. Tata NutriKorner has got a separate shopping portal, as of now, independent of Tata Super App i.e Tata Neu My Wish 10 – A separate tab in Tata Neu for Tata NutriKorner Benefit 01) Access to a larger pool of consumers. As per the Nutrikorner website, it is currently delivering in Maharashtra, Delhi-NCR, Bengaluru and Ahmedabad. Through the Tata Neu delivery channel, the NutriKorner products can reach a wider area. The products sold on NutriKorner portal are packaged products and not fresh consumables i.e Fruits and Vegetables. This means there is no pressure on delivery timelines. Benefit 02) Common redemption program Benefit 03) Access to common procurement practices, to avoid OUT OF STOCK situations Benefit 04) Cost savings out of common services can be passed on to customers Benefit 05) Higher conversion rate ...