Now BSNL partners with mobiKwik for cashless bill payments. So users of Bharat Sanchar Nigam Limited can pay their bills (mobile, broadband and landline) through this mobiKwik. It is truly the effect of banning 500 Rs and 1000 Rs notes. For people convenience, they have taken this decision.
There are about 38 million customers for BSNL. At present there is no flow of cash at outside because of banning Rs 500 and 1000 notes. The government has released the new notes, but there is the hectic queue at banks and ATM’s. There is no chance to draw the sufficient amount, so all companies and prominent organizations making their bill payments online.
MobiKwik is a mobile wallet and online payment system here you can store your money and that money can direct to pay bills or do online shopping. So you can transact your digital money to pay your bills.
Daily we hear news about the shortage of amount. They are not sufficient high demonetization of notes, so people are suffering a lot due to lack of money. The sad thing is people have the sufficient amount in their accounts but not getting it. Most of the people are depending upon the online transactions, and they are using the digital money to lead their life. If the situation continues like this, all people will move from cash to cashless economy.
BSNL already introduced an option of online payments through the bank, and now it tied up with mobiKwik to pay bills through mobile wallet.