Other than the UPI System, the Bharat Bill Payment System (BBPS) is another initiative that I've been keeping a close eye on.
http://timesofindia.indiatimes.com/...rth-of-bill-payments/articleshow/51897998.cms
Take note, the company highlighted has a customer base of more than 40 million and is set to cross Rs 15,000 crore for bill payments in 2016/17.
Page 7 of the May 2015 Corporate Presentation highlights TSI India's customer base for a few of their clients.
http://www.asx.com.au/asxpdf/20150515/pdf/42yl8x4cqbsnp7.pdf
Here are a few of TSI India's clients in the Bill Payment space....
* State Bank Of India (GE) - has a client customer base of 95 million.
* Tata Power Delhi - has a client customer base of 1.55 million.
* Reliance Bombay State Electricity - has a client customer base of 2.5 million.
Those three clients alone boast a customer base of close to 100 million customers that TSI India are serving.
TSI India have only dedicated just over 10% to the Bill Payment business.
Last week the UPI System launching was a BIG piece of the puzzle I wanted to see materialise on a macro level. The Bharat Bill Payment System (BBPS) is the other big piece of the puzzle which I feel TSI India have tremendous potential to tap into, particularly being one of the early first movers in this space (10 years of business experience in this space).
Keep an eye of this initiative.
Tony
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