Mumbai,
April 24, 2002: Dial 1901-33-1901 to get rid of queues
Just dial 1901-33-1901
and pay your bills through BillJunction (it's a Local Call from the telephone).
No Internet facility at home! No problem.
Have restriction
at office to log on to Internet for personal work! No problem.
Not net
savvy or computer savvy! No problem.
BillJunction Payments Limited, the pioneer
in universal bill presentment and payment service in India, brings convenience
at your fingertips - BillJunction Dial 'n' Pay - you can pay your bills just by
dialing 1901-33-1901.
The recurring bills of utilities such as telephone
(MTNL, Kalyan Telecom), electricity (BEST, BSES, MSEB), insurance premium (LIC,
ICICI Prudential, ING Vysya, Max New York Life), mobile (Orange, BPL Mobile),
credit card (ICICI Bank), paging (Mobilink), property tax (BMC, NMMC, TMC) and
ISP renewals (Satyam Infoway, Roltanet, Now-India) etc. can be paid anytime of
the day or week by using a telephone.
Now, the customers will have the
flexibility for paying their recurring bills either through telephone (by dialling
1901-33-1901) or Internet (via billjunction.com).
"Dial-n-Pay has been
launched in Mumbai in the first phase and this service will soon be offered in
other seven cities, viz. Delhi-NCR (National Capital Region), Kolkata, Chennai,
Pune, Bangalore, Hyderabad and Ahmedabad over next couple of months. We shall
also be offering this service in vernacular languages as well, which will offer
complete convenience to the customers," says Mr. Bikramjit Sen, Chief Operating
Officer, BillJunction Payments Limited.
The registered customers of BillJunction,
after indicating their ID Number and TPIN (Telephone Personal Identification Number)
can hear their bill details and give the payment instructions on phone. Here,
the customers can pay through their existing bank account and do not require credit
card or charge card to make the payments.
The system also sends e-mail
and SMS reminders to the customers to notify them about the status of their bills.
The customers also have the option to pay their bills through Manual-Pay mode
or Auto-Pay mode (Standing Instruction). Besides, the customers can hear the details
of previous bills paid through this service.
Telephone penetration in
India is about 12 times the Internet penetration. There are 37 telephones per
1000 persons, whereas Internet connectivity is just about 3 per 1000 persons.
"With the facility to pay recurring bills through telephone, we plan to target
a large section of people from the urban and sub-urban areas - predominantly those
who do not have ready access to Internet at home or at office." added Mr. Sen.
Residents of Mumbai already use the telephone to order pizzas, book movie
tickets or to buy flowers. Through the Dial 'n' Pay bill payment service, they
will be able to experience the convenience of bill payments through phone.
BillJunction estimates to boosts its registered user base 3 folds with Dial-n-Pay
service within next one year. With over 15 million bills paid each month across
eight major metros, BillJunction is gearing up to tap this highly lucrative emerging
market.
Since its inception in May 2000, BillJunction has grown to establish
itself as the premier electronic bill presentment and payment service provider
in India with its reach across 8 major metros and through strong biller relationships
with as many as 70 service provider. In a span of two years it has expanded its
user base to over 1 lakh across the 8 metros.
Besides the individual
user, BillJunction also offers its bouquet of services to Corporates and Small
& Medium Enterprises.
"It is our endeavor to bring you face-to-face with
a never-before-known convenience with the help of technological advancements.
We would continuously strive to add value to our current biller relationships
by offering them products and services that will improve their efficiencies and
performance as well." concludes Mr. Sen.
About BillJunction Payment
Ltd.
Billjunction Payments Limited, a network company of ICICI Venture,
introduced universal bill presentment and payment service in India two years ago.
Since then, it has used technology to develop service features that go a long
way in offering convenience to its customers. In line with its vision to take
away all the hassles from the bill payment process, Billjunction offers its customers
the flexibility and convenience to pay bills through phone or Internet.
Except for the historical information contained herein, statements in this release
which contain words or phrases such as "will", "aim", "will likely result", "believe",
"expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate",
"seek to", "future", "objective", "goal", "project", "should", "will pursue" and
similar expressions or variations of such expressions may constitute "forward-looking
statements". These forward-looking statements involve a number of risks, uncertainties
and other factors that could cause actual results to differ materially from those
suggested by the forward-looking statements. These risks and uncertainties include,
but are not limited to our ability to successfully implement various portals,
our strategy, our growth and expansion, technological changes, cash flow projections
etc. ICICI, ICICI Venture and Billjunction Payments Ltd undertakes no obligation
to update forward-looking statements to reflect events or circumstances after
the date thereof.
Mumbai,
April 24, 2002: Dial 1901-33-1901 to get rid of queues 
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