Almost every individual on the planet owns a smartphone. With the rise in popularity of these devices, several companies have also devised methods of conducting monetary transactions through them. Now, paying bills from your phone has also become quite simple. Apps such as Paytm, MobiKwik and others have further increased the popularity of this mode of payment.
Here is a look at some of the benefits of paying bills through your mobile phone.
1. Saves time
Under normal circumstances, you are required to visit the service centre for which you are paying the bill. For instance, if you want to pay the electricity bill, you would have to visit the electric office to clear out the dues. However, with the emergence of mobile bill pay, you can choose to pay off the bill from within the confines of your home or your workplace.
It also saves you the effort of having to travel to the electricity office just so that the bill amount is cleared. In some cases, the office may be located at quite some distance from your home, which would make travelling there a hassle.
2. Saves paper
In the normal method of bill clearance, you would have to inspect the bill papers and then make out the payments in cash. It also involves keeping track of all the prior bills as well, which amounts to a lot of paper. Using the mobile bill pay option however does not involve any hard copies of the documents. Instead, you can check the bill online and clear it out online. The transaction is saved for future reference and you can check it out from your phone itself.
3. Secure payment option
You may feel that online transaction involves a lot of risk. However, in reality, paying the bill through your phone involves much lesser risk when compared to the dangers of carrying the cash amount to the bill clearance office. Online transactions these days are protected by SSL encryptions, which cannot be decrypted by anybody else, apart from the beneficiaries.
4. Much more organized
In mobile bill payments, bill clearance is much simpler. An email quotes the bill amount that needs to be paid. After the amount is cleared, the customer receives a confirmation by mail. The payment is almost instantaneous and can be made at any time. This means that you are free to make the bill payments on the last day as well, without having to worry about defaulting.
Mobile payment apps and methods are slowly replacing the cash payment system that was followed previously. Try out the different online bill payment options and you will surely notice the difference.
Here is a look at some of the benefits of paying bills through your mobile phone.
1. Saves time
Under normal circumstances, you are required to visit the service centre for which you are paying the bill. For instance, if you want to pay the electricity bill, you would have to visit the electric office to clear out the dues. However, with the emergence of mobile bill pay, you can choose to pay off the bill from within the confines of your home or your workplace.
It also saves you the effort of having to travel to the electricity office just so that the bill amount is cleared. In some cases, the office may be located at quite some distance from your home, which would make travelling there a hassle.
2. Saves paper
In the normal method of bill clearance, you would have to inspect the bill papers and then make out the payments in cash. It also involves keeping track of all the prior bills as well, which amounts to a lot of paper. Using the mobile bill pay option however does not involve any hard copies of the documents. Instead, you can check the bill online and clear it out online. The transaction is saved for future reference and you can check it out from your phone itself.
3. Secure payment option
You may feel that online transaction involves a lot of risk. However, in reality, paying the bill through your phone involves much lesser risk when compared to the dangers of carrying the cash amount to the bill clearance office. Online transactions these days are protected by SSL encryptions, which cannot be decrypted by anybody else, apart from the beneficiaries.
4. Much more organized
In mobile bill payments, bill clearance is much simpler. An email quotes the bill amount that needs to be paid. After the amount is cleared, the customer receives a confirmation by mail. The payment is almost instantaneous and can be made at any time. This means that you are free to make the bill payments on the last day as well, without having to worry about defaulting.
Mobile payment apps and methods are slowly replacing the cash payment system that was followed previously. Try out the different online bill payment options and you will surely notice the difference.
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