Tuesday, March 31st, 2020

NDMC has launched India’s 1st of its kind in-home Smart Bill Pay initiative,

# NDMC Smart Bill Pay – The 1st of its kind digital bill . payment technology

  INVC NEWS
New Delhi , This festive season, NDMC in collaboration with SignCatch and Axis Bank brings to you a very unique digital payment tool that also brings a smile to your homes. NDMC has launched India’s 1st of its kind in-home Smart Bill Pay initiative, where it has arranged to develop novel “Smiley Fridge Magnets” for the digital payment of utility bills. These magnets will be distributed to Electricity & Water consumers of NDMC. SignCatch powers the unique QR-tech & the payments platform at the back-end, is powered by Axis Bank. These innovative fridge magnets will be personalized and each consumer will have a unique QR Code mapped to their consumer account (CA) number. There will be separate magnets provided for both electricity & water bills. The consumers can stick these magnets on their refrigerator at home and scan the QR Code on the magnet to pay their bills instantly. The QR Code will re-direct the consumers to their current bill with an option to pay using any of the digital payment channels active with NDMC like online Credit/Debit cards, Net Banking, Wallet, UPI.These magnets will be distributed to the consumers of Electricity & Water at their doorstep. This initiative has been launched to give ultra convenience to consumers to pay their bills digitally by simply scanning the QR code with their smartphones. NDMC reckons that this will push non-digital payment consumers to adopt digital payments and will also help cut down on the time taken by the consumers to pay the bill drastically along with increasing the recall for payment of due bills on time, as the consumer would be able to see this everyday on their fridge. This fridge magnet will be very useful especially in the case where a consumer misplaces the pending paper bill. From NDMC’s perspective it would reduce collection costs and faster realisation time for revenues. The target is to provide these smiley fridge magnets to 25000 NDMC Electricity & Water consumers across the high-profile area of Lutyens’ Delhi in the first leg of the campaign, with plans to extend this to all other consumers consequently. SignCatch Dynamic QR powers this proprietary smart technology, which always displays the latest bill amount on the scanning of this unique QR Code and Axis Bank powers the online payments stack including UPI for all the digital transactions.



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