Starting this August, one million consumers in the Indian city of Mumbai can pay their electric bills through a mobile wallet. The utility known as BEST, or Brihanmumbai Electricity Supply and Transport, has partnered with third-party aggregator Money Mobile Payment Limited (MMPL) to provide the service.
Essentially, the solution allows consumers to pay their bills against a stored value account. An initial registration is required, where consumers are asked to provide personal details such as an address, and present a photo ID. Once the account is created, the mobile wallet can be topped up via online banking, at MMPL or at a local reseller.
At present, BEST electricity users can pay either online through an electronic clearing system, or by cash and checks at customer centres. While MMPL already has a few resellers in the island city, BEST expects its network to grow as users join the mobile wallet…
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