NPCI BHARAT BILLPAY LIMITED
Benefits of using Bharat Bill Payment System (BBPS)
The Bharat Bill Payment System (BBPS), which offers a smooth, safe, and effective platform that meets the demands of both billers and customers, has made it easier for consumers to pay their bills, as per a press release issued by NPCI Bharat BillPay. Bharat BillPay is a one-stop ecosystem for payment of all bills providing an interoperable and accessible "Anytime Anywhere" Bill payment service to customers across India with certainty, reliability and safety of transactions. Incorporated in December 2020, NPCI Bharat BillPay Limited (NBBL), is responsible for driving the RBI conceptualised Bharat Bill Payment System (BBPS). Here are the benefits of using BBPS for customers.
Credit card bill payment hurdles; startup funding logs slight uptick
Happy Friday! The central bank has mandated credit card bill payments through Bharat Bill Payment System (BBPS), but only eight of 34 banks are live on the network, causing concern among payment companies. This and more in today’s ETtech Morning Dispatch.
Tide enables bill payments for MSMEs to streamline expenses
Tide’s Bill Payments are expected to help small businesses pay for a range of utilities such as electricity, gas, postpaid mobile and broadband bills.
Uber’s hyperlocal push; Paytm Bank’s bill pay biz transferred
Happy Thursday! Ride-hailing platform Uber is strengthening its hyperlocal deliveries from neighbourhood stores. This and more in today’s ETtech Morning Dispatch.
View: How ABDM could revolutionise India's healthcare system
India's healthcare system aims to improve care outcomes through the Ayushman Bharat Digital Mission. ABDM facilitates seamless access to medical histories, personalized treatments, and expanded healthcare access. Challenges include inadequate digitization and the need to build trust in digital health systems.
You now recharge these SBI cards online using Bharat BillPay platform
In an effort to further enhance traveller convenience, the State Bank of India (SBI) and NPCI Bharat BillPay have collaborated to onboard SBI NCMC cards on the Bharat BillPay network. This will ensure a hassle-free experience and avoid long waits for people reloading or topping up their cards online.
- Go To Page 1
Banks get ready to count int'l credit card spend in liberalised remittance scheme
Under the belief that reissuing the specific notification may not go against the model code of conduct, many banks are preparing to integrate their systems with the RBI’s for capturing the card spend information of individual customers during personal foreign tours.
NPCI arm, banks and fintechs in talks for net banking synergies
The Reserve Bank of India (RBI) had on March 4 approved implementation of an interoperable payment system for internet banking transactions by NBBL, a subsidiary of National Payments Corp. of India (NPCI).
RBI OKs interoperable payment system for internet banking transactions
The Reserve Bank of India has approved NPCI Bharat BillPay Ltd to implement an interoperable payment system for internet banking transactions. The new system will facilitate quicker settlement of funds for merchants. It is expected to be launched during the current calendar year. India accounts for 46% of the world's digital transactions.
RBI issues revised norms to streamline bill payments process
These directions will be applicable from April 1, 2024 to banks, NPCI Bharat BillPay Limited and other non-bank payment system participants. Bharat Bill Payment System (BBPS) is an integrated bill payment platform which enables payment or collection of bills through multiple channels using various payment modes, like UPI, internet banking, cards, cash, and prepaid payment instruments.
NPCI appoints Ajay Kumar Choudhary as non-executive chairman of board
Choudhary, who is a central banker, has a career spanning over three decades at the Reserve Bank of India (RBI). He concluded his service as RBI's executive director in October 2023.
Fintechs’ lending businesses under stress; banks leverage Bharat Billpay
In a pointer to tough times ahead, fintechs are finding credit lines for small-ticket unsecured loans drying up following a recent central bank diktat.
Banks leverage Bharat Billpay for loan and credit card repayments
For customers who have not adopted a mandate-based loan repayment system, banks are moving to using BBPS to send monthly EMI payment demands
Bharat BillPay onboards SBI Card to simplify bill payments
All SBI cards customers will be able to pay and manage their credit card bill payments across all Bharat BillPay supported payment channels like online via banks, payment apps or even via any Bharat BillPay physical outlets.
NPCI Bharat BillPay launches B2B payments service
New service will allow vendors to raise bills on their buyers through the bill payment platform and payments can be made in one go or multiple tranches through cash or digital means
Hello, UPI: Use voice commands to send money, pay bills; know new UPI features and how they work
New UPI features Hello UPI: Conversational payments on UPI is a process where the user speaks to an AI-powered device, such as a smartphone, and requests it to conduct payments. A user will no longer need to input commands manually to transact through UPI. They can simply speak to the AI-powered solution to complete payments.
NPCI introduces credit, NFC-based payments to scale UPI service
The new offerings include a credit line on UPI, UPI Lite X for offline payments and a near field communication (NFC)-enabled Tap & Pay feature, conversational payments through Hello! UPI as well as conversational bill payments with BillPay Connect.
Bharat Billpay eyes a space in P2P, government pay
The NPCI-promoted organisation is a leader in electricity bill payments currently with two new categories like Fastag and loan EMIs emerging as fastest growing ones.
Canara Bank, Bharat BillPay tie up for cross border bill payments for Indian diaspora in Oman
Canara Bank and NPCI Bharat BillPay (NBBL) have launched a cross-border inward bill payment service for Indians in Oman. Through the Bharat Bill Payment System (BBPS) platform offered by NBBL and Musandam Exchange, the platform will enable non-resident Indians (NRIs) to conveniently pay bills for their families back home. Canara Bank is the first public sector bank in India to offer inbound cross-border bill payments via BBPS.
These customers can now repay loans on Amazon Pay using Bharat BillPay; here’s how
As part of its ongoing efforts to improve user experience and safety, Amazon Pay has expanded its loan repayment category in collaboration with Bharat BillPay.
Explore how you can use CRED to improve your money management in 2023
The month of January is a time to assess your lifestyle, work towards building new habits, and plan your finances. One way to improve your finances is to make bill payments easy with automation, let go of the paycheck life, and be mindful about your transactions. You can also invest your money into several different avenues to make the most out of different interest rates.
Govt to back free E-payments on Bharat Bill Pay
"The concerned authority has already issued an order. IBA can take a further review and suggest course correction if required," said the official.
ICICI Bank partners NPCI to launch Rupay credit cards
The cards will offer 24x7 concierge services along with numerous benefits.
How can government, RBI drive digital payments growth?
Fintechs have been at the forefront of innovation in the UPI ecosystem – right from creating simplified customer on-boarding and transaction platforms to a large-scale QR-code based merchant acceptance network .
NPCI Bharat BillPay on-boards Tata Power for electricity bill payments
NPCI Bharat BillPay has on-boarded Tata Power on its platform through which customers will be able to pay their electricity bills in a hasslefree and seamless manner. This will enable over seven lakh customers of Tata Power (Mumbai) to pay their electricity bills through ClickPay payment link.
Bharat BillPay appoints PayU’s Noopur Chaturvedi as new CEO
The appointment of Noopur Chaturvedi as Bharat BillPay CEO comes at a time when NPCI is aiming to emulate the success of UPI for this platform as well.
NPCI transfers automatic bill payments business to new subsidiary
All licensed bill processors – banks and payment aggregators – on the platform received an email from NPCI on March 31, asking them to start accounting their billing transactions under NBBL from April 1.
WhatsApp Pay off to slow start, has under 1% share
UPI is largely dominated by Google Pay and Walmart-owned PhonePe, who together control over 80% of transaction volume
UPI transactions hit a new high of 149 crore in July with transaction value reaching Rs 2.91 lakh crore
During the April-July period of 2020-21, the cumulative transactions on UPI reached 631 crore. The value transacted stood at Rs 6.31 lakh crore.
Load More
