Bharat Bill Payment System (BBPS) is RBI essential system that provides an integrated, interoperable invoice payment service to customers from all regions, with transaction assurance, safety, and security. It gives clients bill payment assistance through an agent network or online, allows multiple payment modes, and provides instant verification viaSMS
or receipt. We are promoting a cashless society by shifting cash bill payments to electronic channels. Currently, you can pay bills for utilities (gas, electricity, water, DTH) and telecommunications. The first of its kind bill payment ecosystem in India is here to improve the way bills are being paid. Making a revolution in India's bill payment market, Bharat BillPay allows every citizen to pay their different bills under the same window. This unified ecosystem brings banks, non-banks and online payment platforms under one roof as its official authorized units for bill collections.
Why prefer BBPS?
- Convenient: Promotes constant payment of invoices through any channel, including prototypes supported by BC / Agent branch/bank branch/representative contacts.
- Alliance: BBPOU (About Bharat Bill Payment Operating Unit), i.e. Banks / Non-Banks, should be joined only to BBPCU (Central Payment Unit of Bharat) and NPCI (National Payments Corporation of India). The billers need to connect to a single BBPOU so that all customers can pay their bills.
- Compensation and Arrangement: Use regulated rules/guidelines to make multiple liquidations and declared settlements between various parties.
- Complaint Management: BBPS has introduced a standardized complaint management system to handle customer complaints in all types of transactions.
- Clients will enjoy the ease of paying bills anywhere, anytime by directly connecting to the BBPS network, online or by agents.
- Introduction to the system will be available everywhere, including the zero or least banking region.
- Earn the highest commission in the market in each BBPS transaction.
- Security and authenticity could be trusted to the clients with the use of this system.