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Bharat Bill Payment System (BBPS)
Bringing a revolution in India's bill payment market, BBPS enables every citizen to pay their different bills under the same window.
Benefits of BBPS
- Utility service providers would be able to get payments instantly
- BBPS platform would have fraud monitoring and risk mitigation systems
- There would be retail points for bill payments across the country who would be able to accept all kinds of bills payments
- Payments would be made securely through the NPCI network with instant receipts getting generated.
- Value added services can be added by the operators
- NPIC plans is to expand its service area to include school fee, university fee, municipality taxes, mutual funds, insurance premiums etc