In line with NPCIs BBPS Team philosophy new biller categories are
being added to the BBPS (Bharat
Bill Payment System) platform.
The latest biller category
on BBPS is ‘Subscription Category’.
Subscription Bills are
bills for services availed frequently. Subscription can be
01)
for physical goods i.e Delivery of Milk
every day, alternate day, only on weekends etc
or
02)
for services eg., access to Gym daily over
a month, quarter etc.
Under the subscription
billing model, the customer pays in advance for a defined period to avail the
goods or services.
Normally, at the end of
the billing period, the charges for the next billing period are collected via
Standing Instructions setup.
With subscriptions,
customers make recurring payments for access to a product or service. A
subscription might not seem much different from a one-time purchase of a
t-shirt or water bottle.
To manage subscription payments,
billers need to retain more information about its customers, so customers can
be charged automatically in the future and maintain have access to your
product.
Billers which specialise
in specialised categories and do not fall under the broad biller categories i.e
Electricity Bills, Phone Bills, Taxes etc can be clubbed under Subscription
Biller Category.
‘Parentlane’, is one such
biller which offers specialised services and does not fit into the broad biller
categories.
Hence, the Subscription
Biller Category fits Parentlane correctly.
Quote
Parentlane is India's
first AI powered digital health platform empowers the new millennial women
& doctors to monitor key indicators, get insights and proactive care
solutions right from fertility, pregnancy till the baby's age of 5 years for a
healthy development.
Parentlane is Incubated at
Accel Partners Startup Pad, Bangalore and have raised Angel round of funding
from Prominent Entrepreneurs
Unquote
Access the Parentlane
website @ https://www.parentlane.com/
As of now, Parentlane has
tied up with Razorpay to collect the recurring payments. Customer has to enter
the Card Details and choose the subscription plan. Future payments on the
chosen card will be done automatically as per the subscription plan.
The Payment facility via BBPS is not yet updated on Parentlane website.
Hopefully, the same will be updated in the next couple of weeks.
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