Mumbai: India’s largest bill payment service provider BillDesk will soon launch a platform for people to make utility bill payments through mobile phones.
“In the next 3-6 months, we will come out with a mobile payment platform which will ensure a safe payment to utilities like electricity or phone companies,” said M N Srinivasu, director IndiaIdeas.com, the company offering services under BillDesk.
“There are only about 25,000 people who today use mobile to carry out some payment transaction which we see rising to a million in the next 2-3 years,” he added.
Launched in 2000, BillDesk today operates bank-centric payment service for over 40 banks and 150 billing institutions with an estimated five million unique consumers. It helps consumers to pay through internet or ATMs using internet banking, credit cards or direct debit with over two lakh transactions taking place every month.
“We have a clear cut value proposition on offering mobile payment service as we have deep domain knowledge of consumer behaviour and also an existing well established partner-bank and partner-billers base,” Srinivasu said.
BillDesk is operating in 62 cities with a staff of over 600 people. Along with utility payment it is also offering services for tax payment and donations to charity. State Bank of India, Bank of Baroda, the National Venture Fund for Software and Information Technology Industry and Clearstone Ventures, which has invested $5 million, as key shareholders.