What are the consumer benefits of mobile payments?

We need to make several bill payments monthly in compensation for the utilities that we put to use. These are recurring monthly payments and are not optional as they are charged for some essential utilities that are inseparable part of our lives. We have to make bill payments for several utilities like electricity, water, LPG, Broadband etc. 

There are numerous benefits of mobile bill payments. They are as follows – 

• Secure payments

• Convenient

• Online management

• Payment Reminders

• Cashback 

1. Secure Payments – 

Online bill payment apps are completely safe and secure modes of payment. Due to lesser technical awareness, people might be a little sceptical about the online method of bill payment. But in reality, it is the most safe and easy way of paying for your utilities like electricity bill, water bill etc. In case there is any issue with your bill payment, you can get redressal of your issue right on the app platform through virtual assistants or get in touch with the customer service quickly. 

2. Convenient – 

What makes online electricity bill payment convenient? The ability to pay it anytime, anywhere, without having to stand in line and wait for your turn like in olden days. Online electricity bill payment apps are a very convenient modes of paying your monthly bills. Post pandemic, as all of us are forced to carry out day to day activities indoors, this method of bill payments handy and is very helpful. 

3. Online Management – 

Another very big advantage of online electricity bill payment apps is that you can manage everything related to your bill payments online very easily. It completely eliminates any kind of paperwork and makes your life hassle-free. You can view, download and share payment receipts very easily online and track your transaction history in just a few clicks. 

Read Also - 6 Reasons why you should pay bills online

4. Payment Reminders – 

It might have happened a number of times that you missed paying certain utility bills before the due the date. Online electricity bill payment apps remind you of upcoming bill payments so that you pay your bills on time and do not incur any late fee. Some billers might charge you with late fees if not paid in time. This can pile up the amount and throw your budget out of balance. If you need to stick to your budget, you must be very disciplined with your monthly bill payments. 

5. Cashback – 

This might be the best advantage of paying your utility bills online. Imagine getting rewarded with cashback for paying bills! You can win redeemable vouchers which can be used to shop at the partner brands of the bill payment app which you are using. This benefit helps you save some money and makes bill payment a little bit exciting! 

How to recharge DTH Online?

 

As the world is moving closer and closer to be a superior tech savvy place, our day to day lives have been altered drastically in many ways. We have come a long way if we compare the journey of our past. Additionally, the covid pandemic has had a lasting impact on the way we lead our lives -shopping, recharge, bill payments etc.

Have you taken a moment to think? How we used to go to a local retailer for all kinds of recharges? It was a great hassle to for us to do offline recharges. But what is the condition now? Today our lives have become much simpler and easier. Thanks to mobile recharge app, we do not have to go through the struggle of offline recharges.

Benefits of online mobile recharge and DTH recharge –

Transacting online on the mobile applications for recharges has several benefits as listed below –

Hassle-free recharge –

The process of recharging mobile online is easy and quick. You can complete the recharge process in only a few steps. It does not take more than a minute to complete your online recharge.

Flexible amount of recharge –

Recharge apps allow you to recharge for variable amount for recharge. You are not restricted to any one particular amount for recharge. You can choose a plan of amount which is convenient, suitable and affordable for you.

Round the clock availability –

The mobile applications are available for you at all times of the day, 24 x 7 even on holidays. This any time availability of mobile recharge apps has made them quite popular.

Rewards –

Another great benefit of recharging online is that you get rewarded for using the app to recharge your DTH Subscriptions. You can also win rewards and cashback on mobile recharge.

Which recharge app is the best for online DTH recharge?

The Bajaj Finserv app is the best mobile recharge application for online DTH recharge. You have multiple popular DTH service providers like Tata Sky, Airtel DTH, Dish TV, Sun Direct TV and Videocon D2H.

Read Also - Benefits and Reasons Why People Recharge Their Mobile Phone Online

How to recharge your DTH connection online?

Recharging your DTH or Dish TV online is very easy. You can simply complete your recharge online using mobile recharge applications in just a few clicks. Here is how you can recharge your DTH using the Bajaj Finserv app –

1. On the homepage, go to the ‘Pay Bills & Recharge’ section on the top.

2. Click on the ‘DTH’ icon from the top panel.

3. Select your DTH service provider from the list given on your screen.

4. Enter the customer ID for which you want to recharge.

5. Enter the appropriate recharge amount.

6. Click on ‘Proceed to Pay’ at the bottom of the page.

7. Select the method of payment of your choice and complete the transaction.

8. You will receive a notification for successful recharge.

In this way you can very easily recharge for your DTH subscription and mobile too. This is an extremely convenient method off recharge which can help you save time and renew your subscription on the go anytime, anywhere!

 

Set up automatic payment for easy and fast bill payments

 

Banks and many mobile payment apps now allow you to automate your monthly utility bill payments in the digital age. The monthly payment is automatically deducted from your account on or before the due date when you use this service. You can store your biller details, bank account, bank and card details for faster bill processing. Automatic utility bill payments are available at more banks and mobile apps around the country, and on average, they save about 5% in cash backs and online discounts. As a result, automatic bill payment is a no-cost win-win alternative. However, you should check with your bank about the facility fees, as there may be a hidden fee associated with the service.

The money is deducted from your bank account at the appointed time once the payments are set up. Auto and mortgage loans, credit card payments, water bill and any other utility bills that requires a monthly payment, such as your utility bill, are all examples of expenses that can be set up on autopay. Autopay has some significant benefits when used responsibly: it saves you time every month, avoids late fees, and gives you piece of mind. If your monthly funds change, you are unable to keep up with account monitoring, or you prefer that your financial information is not on file with numerous vendors, autopay may not be ideal for you.

Here are a few advantages of automatic bill payments and autopay feature on mobile app:

·         Never miss out on due dates:

Now you will never miss out on due dates on your monthly utility bills. Monthly utility bills are easy to pay. You can save details for all your recurring bills including electricity bill, water, broadband, gas along with your DTH and mobile recharge. AutoPay ensures that your payments are both simple and timely. No more late fees!

·         Reduces the hassle of entering details again and again

With the advent of mobile apps and autopay functionality, you can choose to save your customer details and payment details for faster processing of your bill payments. This not only saves your time; you will also not miss out on monthly payments.

·         No more late fees

You can avoid late utility bill payment penalties and fees because the bank will debit the needed amount on the due date. With the autopay option, you can just pay your utility bills at ease. This means you can set the due date for, say, the day after you get paid, alleviating any worries about not having enough money in your account and making bill management easier.

·         Easy paperless bill payments

When you choose automated utility bill payment for monthly bills, you can often avoid paper billing and the need to mail in payments, reducing your carbon footprint. This means you can set the due date for, say, the day after you get paid, alleviating any worries about not having enough money in your account and making bill management easier.

Read Also - What are the different utility bills and how to get cashback on them?

·         Autopay all your bills

You can choose to autopay all your utility bills including your electricity bill, mobile recharge, DTH, gas, water, broadband bills and more easily with autopay functionality. Once you've set up automatic payments, they'll happen on a defined timetable. You'll never have to worry about missing a payment again.

·         Saves your time

The Autopay functionality saves all your time. It reduces the hassle of entering multiple card numbers and processing your payment again and again. With the Autopay option, you don’t have to register and enter all the fields manually ever again.

You can begin automatic utility bill payment services downloading the payment mobile app. Apps like Bajaj Finserv app allow you to autopay bills. Some apps additionally provide you the choice to choose and turn on this feature. All you need to do is, download the mobile app and register on the Bajaj Finserv app.

Simplifying your online payment with a Bajaj EMI card

 

Online shopping has grown exponentially ever since the pandemic has hit the world. As all of us are forced to stay confined to our homes and the scope for movement is limited, we have no choice but to carry out most of our day to day tasks indoors.

When you shop online, there are various methods of making payments online. You can use credit card, debit card, UPI, net banking, EMI card etc. The Bajaj Finserv EMI card is one such instrument that allows you to make EMI payments online and shop with greater ease.

Benefits of the Bajaj Finserv EMI card

The Bajaj Finserv EMI Card has several benefits that can help you shop for big-ticket products at easy no cost EMIs. Here are some of the benefits of the Bajaj Finserv EMI card –

No-cost EMI shopping – Shop for the latest home appliances, electronics and smartphones from the Bajaj EMI store or partner stores at no cost EMI using the Bajaj Finserv EMI card.

Flexible EMI payment – With the Bajaj Finserv EMI card, you can choose a flexible tenure for repaying your EMIs. Generally the tenures range between 3 to 24 months.

Quick online application – You can apply for the card using the Bajaj Finserv app very easily. The entire application process is digital and is hassle free. Hence you can avail your card instantly.

Minimum documentation – You do not need a horde of documents to avail the Bajaj Finserv EMI card. Your basic KYC documents are sufficient to get the EMI card.

Exclusive benefits and offers – This card can open the door to exclusive offers and benefits for you at the partner stores.

Pre-approved loan – As per your profile, you can get the highest amount of pre-approved loan through the Bajaj Finserv EMI card.

Eligibility

The eligibility criteria is as follows –

• ·         You should be between 21 – 60 years of age
• ·         You must be a residing citizen of India
• ·         A stable source of income is required
• ·         You must have a good credit history without any bad repayment track
• ·         You must have savings/current account in India

Documents needed to avail the EMI card –

• ·         PAN
• ·         Aadhaar card
• ·         A cancelled cheque
• ·         Signed ECS mandate

 Read Also - Where Can I Use Bajaj Finserv EMI Card?

How can one shop online using the Bajaj Finserv EMI card?

The Bajaj Finserv EMI card is your doorway to some of the best and exclusive offers from top brands. Here’s what you need to do if you wish to shop online at no-cost EMIs:

• ·         Visit the partner website
• ·         Add the products you wish to buy to your cart
• ·         Enter your correct mail ID and delivery address
• ·         Select ‘EMI’ as your method of payment and then select ‘no-cost EMI’
• ·         Click on Bajaj Finserv EMI Network Card from the list of options
• ·         Select the appropriate repayment tenure
• ·         Check your details and then click on ‘buy’

HHow can one manage the Bajaj Finserv EMI card online?

You can easily manage your card using the Bajaj Finserv app.  You only need to download and register yourself on the app using your credentials. This allows you to have all the information of your EMI card in one place.

 

Digital mobile recharge now overpasses physical recharge

 

In recent years, there has been a significant increase in digitalization. The Indian public has become increasingly aware of the advantages of digital transactions. They also appear to have embraced the comfort and convenience that online transactions offer. As a result of the epidemic, there have been a number of restrictions on transportation from place to place, and digital payments and recharges have made our lives easier and safer.

People who are restricted to their houses seek for ways to entertain themselves that do not need them to leave the house. This boosted the appeal of OTT platforms, online gaming, and other internet-based activities. As a result, a steady Wi-Fi connection is required. The number of internet recharges required by one individual rose, and online bill payment became the new norm soon after. There appears to be no turning back from online mobile recharge apps at this point.

Apps for recharging your phone online –

Online mobile recharge apps are mobile applications that enable you recharge your phone, OTT subscriptions, FASTag, and other services online. You may use these apps to recharge numerous service providers such as V!, Jio, Airtel, BSNL, and others. As a result, you won't need multiple apps for various service providers. All of your online mobile recharge needs can be met with just one app. Not only that, but you can re-energize for your family, friends, and contacts that may live far away.

The advantages of using the internet to recharge your phone –

1) Low-cost alternative —

Online mobile recharge apps let you compare different service providers' plans. You can browse the available plans and select the one that best suits your needs. You can select between online talk time and mobile data. You can also select a package that includes both. This saves you money because you may check over the available options ahead of time and select what is best for you.

2) Cashback & Rewards –

Mobile recharge applications not only offer a variety of recharge options, but they also have a number of advantages in store for you! You won't get any further offers if you recharge offline because you won't be able to save money. Online recharge applications, on the other hand, give you rewards and coupons that you may use at other partner companies for any other transactions you make on their platform.

3) Cost-effectiveness —

When you recharge online, you just pay for what you actually require. This is achievable because you choose a plan that only charges you for the services you actually require. When recharging in a physical store, however, the retailer may or may not inform you all of the terms of the plan, and you may find up paying for items you don't need. It's possible that you'll end up wasting your money because you won't use the benefits for which you paid.

4) Convenient for you –

Mobile recharge via the internet is the most convenient option. You can also recharge your OTT subscriptions, FASTag, and other accounts. It's all right there at your fingers. You don't need to leave the house to recharge your batteries. All of this may be accomplished with just a few mouse clicks. The mobile recharge app can show you your previous transactions.

Which app is the best for recharging your phone?

This is a straightforward question. When it comes to all of your online mobile recharge needs, the Bajaj Finserv app is the finest solution. Using the Bajaj Finserv online mobile recharge app, you can recharge for all major billers.

Read Also - Benefits and Reasons Why People Recharge Their Mobile Phone Online

How to use the Bajaj Finserv app to recharge -

1) On your smartphone, download the Bajaj Finserv app.

2) Sign up with your phone number and a one-time password (OTP).

3) Go to the homepage's 'Pay Bills & Recharge' area.

4) Select the ‘Mobile' symbol from the drop-down menu.

6) Enter the number or name in your contacts for whom you want to recharge.

7) Choose the appropriate circle.

8) From the drop-down menu, select your service provider and click "Continue."

9) Pick a plan that you like.

10) Select ‘Pay Now' from the drop-down menu.

11) Decide on a payment method.

12) Begin the payment process by clicking the ‘pay now' button.

Why your every purchase should be on a credit card

 

The post-pandemic shopping trends have seen an exponential growth in online transactions. Many factors have led us to change our ways of making purchases and paying for them online. In order to pay for your purchases online, there are different modes of payments available like Credit Card, Debit Card, EMI Card, Net banking, UPI etc. You can choose any method for payment as per your convenience.

However, using a credit card to pay your bills or making payments can have some pros for you. It is an instrument which has a number of benefits if you use it wisely. One must understand how to effectively use the card In order to yield its benefits.

Below are some of the benefits of using your card for almost every purchase –

1. Credit benefit – The credit card allows to shop for goods and services on credit. This means, whenever you are short of funds, you can easily use your credit to buy the stuff that you need on priority and pay the credit card bill later.

2. No-cost EMI shopping- Credit cards are very helpful tools as they help you in no-cost EMI shopping. As you do not have to pay any extra interest for the goods you buy on no-cost EMI, it is a very affordable to look for when you have to shop.

3. Partner Offers – Each credit card has a host of benefits to offer from their partner brands. You can avail these special benefits if you shop with the partner brands of your credit card. They can help you save money too!

4. Cashback Vouchers – You can also stand a chance to win cashback vouchers that can be redeemed at partner brands when you shop at their stores.

5. Reward Points – Every card gives you reward points for using it for making the payments for goods or services. Certain cards give reward points on annual milestone spends of a particular amount.

6. Cash withdrawal – Some cards also allow you to withdraw cash from ATM’s . This of course is charged with certain amount but for initial few transactions, the cash withdrawal is totally free of any interest.

7. Global acceptance – As it is accepted universally, it is the best medium of payment that you can carry along with you. You do not anything else to pay, if you have a card. This makes your life much easier when you are traveling abroad.

Read ALso - Habits for using a credit card you can carry forward in this pandemic

8. Improves credit history – The more you use your card and repay the bills on time, the more you make your repayment track better. All of your creditworthiness improves when you use your credit card and repay its bills within the grace period, on time.

The Bajaj Finserv app is the best credit card app where you can apply for a credit card online and manage your transaction easily. It also allows you to pay for your credit card bills online. You can very easily apply for the RBL Bajaj Finserv Co-brand Credit Card in just a few steps.

Lesser-Known Features of your credit card You Must Know

 

Credit cards not only allow us to make desired purchases despite when we are short on reserves in our savings, but they also ensure that we increase the value of those purchases by providing benefits such as cashback, reward points, special discounts, and other perks at no additional cost if we pay off our total outstanding in full on time during each billing cycle. While many of you may have been using this payment method for some time, you may not be aware of a few key credit card facts. Let's take a look at a few of them to help you make better judgments.

One of the lesser known facts is, there are many credit cards that come with zero annual charges. For obvious reasons, when looking for a new credit card, most of us gravitate toward zero annual fee options. However, these no annual fee cards are frequently the most basic varieties with only a few benefits, whereas cards with annual fees come with premium perks and privileges. Complementary travel insurance upgraded loyalty programmes, exclusive discounts at reputable hotel and restaurant chains, and select e-commerce websites are just a few of the perks. When used wisely, the value proposition of such cards' incentives can easily outweigh the membership fees.

Most of you are probably aware that large-ticket items made using credit cards, such as electronics, appliances, and furniture, can be converted to EMIs at the time of purchase. Credit cards also allow you to convert qualified post-purchase expenses into EMIs to make them more affordable. This is a very useful function, however one should make sure they understand all applicable charges, if any, before using the EMI options. Most essential, make sure you pay all of your bills on time to prevent additional fees. Paying your credit card fees late comes with its set of penalty charges, so to avoid that make sure your pay your electricity bills on time.

Based on their assessment of the user's creditworthiness and income, banks and lending institutions determine the applicable credit limit associated with each credit card account. If you believe your card credit limit is too low, you can contact your bank and request an increase; nevertheless, the final decision will be made by your bank. Having a high credit limit, however, does not grant you permission to spend recklessly with your credit card. To ensure that your dues are paid in full each month, you must use your card responsibly.

Read Also - Where Can I Use Bajaj Finserv EMI Card?

Many banks and lending institutions also offer pre-approved loan offers on your credit card. They are frequently extended by banks to selected credit card holders. These unsecured loans may have interest rates ranging from 12% to 30% p.a., and their EMIs are frequently added to the total monthly card dues and are usually tied to the credit limit of the card. However, because such loans are pre-approved, they can be disbursed swiftly, making them excellent borrowing options in any type of financial emergency.

The Bajaj Finserv co-brand credit is one of the top selling credit cards that comes with a host of benefits. Also, the application process for the Bajaj Finserv cobrand credit card is simplified with the mobile app. You can easily convert your high-end purchases to simple and affordable EMIs with one swipe of your credit card. You can also avail an instant personal loan for up to 90 days at 1.16% interest on your credit limit. You can easily enjoy contactless payments of up to Rs. 5000 with a simple tap of your card. Also, you can withdraw cash from any nearby ATM at no interest for up to 50 days. You can easily manage your credit card expenses and keep track of your due dates with the mobile app.