The article talks about Pay Point India Network’s tie-up with the Chhattisgarh State Power Distribution Company (CSPDCL) for a unique method of collecting customer dues which can help similar companies manage their cash flows. It highlights the company’s plan to roll out this model to the rest of India.
It explains how Pay Point, which has applied for Payments Banking License, prepays the dues of customers to CSPDCL and then collects the same through a network of its customer service points (its authorized dealers). This is done through its technology infrastructure that enables customers to pay their utility bills even at the last minute.
About Energetica India:
Energetica India is a part of the Omnimedia Group an International Publishing Company with leading technical magazines in the Energy, Construction, Tourism, Pharmaceutical and Life Sciences Industries, headquartered in Madrid, Spain with international activities for more than a decade. The magazine started in the year 2011. Overall circulation of the magazine across India is 15,000.