Role Of An Online Bill Payment Platform In Our Daily Lives

Nowadays, an online payment app is a one-stop solution for recharge, electricity bill payment, BharatQR payment, travel, FASTag recharge, shopping, movies, groceries, etc. Moreover, it enables the Bharat QR to link any bank account and create a UPI handle by using the bill payment app to make instant payments for online shopping, ticket booking, online food delivery, etc. Therefore, we can consider the app a complete payment solution giving us the power to pay in just one click.

Importance Of Using An Online Payments App:

  1. We can quickly pay all utility bills, including electricity, gas, water, cylinder, broadband, landline, and more, using various payment options, including Net banking or UPI.
  2. We recharge our mobile phones, DTH, and data cards and place orders from our favorite grocery stores such as Bigbasket, Grofers, Supr Daily, and others with the help of a payment app.
  3. There is an option of ordering foods from Dominos, FreshMenu, Swiggy, and Zomato because most online payment apps partner with the global food chains.
  4. We shop for apparel from our favorite brands on well-known e-commerce platforms like Amazon, Flipkart, Myntra, Ajio, etc.
  5. These online payment platforms help us pay rent and society payments through reputable merchants such as NoBroker and MagicBricks.
  6. A FASTag app is handy to recharge with all major service providers at any time according to our convenience.
  7. The app usually provides offers or discount coupons for paying insurance premiums and purchasing movie, flight, train, or bus tickets.
  8. We can also purchase a Google Play recharge coupon at a discount and make reservations for our stays with the help of the online payment platform.
  9. There are some specific options available in the application for sending and receiving money from anyone.
  10. We can transfer money from one bank account to another or from one payment wallet using the online payment portal.

Benefits of Using The Payment App:

  • We can easily link our Debit or Credit card with the help of the app, and there is no need to reload or top-up our wallets again and again.
  • Moreover, they always ensure that our card details are secure with the bank and not stored on our mobile phones or transacting sites.
  • These platforms mainly use a proprietary technology that conducts three security checks for each transaction.
  • Apart from making utility bill payments, recharges, and transfers, the online payment platform also offers attractive offers on flight tickets, bus tickets, hotels, travel, groceries, etc.
  • We always get monthly payment reminders about the due bills, and in some cases, we can also set up auto payments by using the app.

We can quickly create a UPI ID with the help of the online payment app. It is a unique ID used to make UPI payments instead of adding bank account details. We need to set a UPI PIN, a four to six-digit number while creating our UPI ID. The UPI PIN is essential to make all online payments. The virtual platform also gives a unique opportunity to check account balances, add beneficiaries and manage multiple bank accounts.