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Wednesday, September 9, 2020

Parentlane – India’s first Biller under the NPCIs BBPS Subscription category

 


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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