Paytm Payments Bank encourages Punjab State Power Corporation Limited (PSPCL) to join BBPS

Er. Baldev Singh Sran   CMD PSPCL   said that with the support of electricity consumers, on July 16,2018, PSPCL has achieved a landmark in digital collections by collecting Rs. 220 crore on a single day.

During July, 2018, 45.43% of total electricity collections of PSPCL has been received through digital modes, which is the highest record of digital collection in this segment in our country.

          In May 2017, PSPCL partnered with Paytm to allow its 90 lac+ consumers to pay their electricity bills through the PAYTM APP.

          This digital payment mode was in addition to the facilities of ePayments  on PSPCL  website, through Debit Card, Credit Card, Net Banking etc.

          Speaking on the partnership, Principal Secy.Power ,Punjab Govt.cum Chairman & Managing Director of PSPCL & PSTCL Sh. A Venu Prasad, IAS said, PSPCL has already given the facilities of E-payment on its website, through Debit Card, Credit Card, Net Banking etc.

With the view to further promote online collection of electricity bills, PSPCL is happy to collaborate with Paytm to enable quick, seamless and easy bill payment experience. Consumers can tap on the  Electricity icon in their Paytm App, choose Punjab State Power Corporation Limited (PSPCL) as their preferred electricity utility, enter their consumer number and can make the payment instantly in few steps.

Taking this partnership further, Paytm Payments Bank has assisted to PSPCL to join the BBPS (Bharat Bill Payment System) channel.

The main advantage of BBPS is ‘Anywhere, Anytime’, Bills Payments.

PSPCL consumers need not search PSPCL collection centres to pay their bills, instead they can visit any BBPS collection centre and pay their bills.

BBPS counters accept cash payments too, this enables consumers to pay their bills in cash too without any geographical restrictions.

A wage-earner in Kerala can pay his/her family’s PSPCL electricity bill from Kerala itself by visiting the BBPS counter. This reduces the friction in bill payments and boosts bill payments within the due dates.

Speaking on the partnership between Paytm Payments Bank, BBPS and PSPCL, Punjab’s Minister for Power, New and Renewable Sources of Energy Sardar Gurpreet Singh Kangar said: “We are happy to note that consumers of Punjab State would be benefited with ease of bill payment service via Bharat BillPay.

This gives power and control to the consumer to pay bills of PSPCL or any bill across India via their preferred app/website enabled on Bharat BillPay at one location. This will also facilitate the digital India initiative as consumers will have access to all digital channels to make their payments.”   

A Venu Prasad, Principal Secretary, Power, Government of Punjab appealed all PSPCL consumers to pay their electricity bills through BBPS channels and “enjoy the convenience of easy online electricity bill payments”.

“We are confident PSPCL consumers will find this service extremely convenient and useful,” he said.   

The Digital Collections Tag Line of PSPCL is :

All payments exceeding Rs. 3 Lac in a billing cycle/month shall only be accepted through e-banking, credit/debit card, RTGS/NEFT or any other approved digital mode as per the CC no. 39/2018

The various ways through which PSPCL consumers can pay their Electricity Bill is highlighted here.