Bharat Bill Payment System eases the payment of bills and improves the safety & speed of bill pay. The service is out there in multiple payment modes, online and through a network of agents. An instant confirmation is generated for the bill payments. The BBPS can rework the society from cash to electronic payment system, creating it less captivated with cash. Gradually, the scope is also expanded to incorporate different sorts of repetitive payments, like college and university fees and even municipal taxes.
Paymoney Recharge offers BBPS solution to Banks envisaging functioning as an operating unit in the Bharat Bill Payments System (BBPS) in adherence to the standards set by the Central Unit – NPCI. Empowering people with the ability to meet their monthly dues in a timely yet convenient manner, introduces a whole new customer experience for the entire country. BBPS could be a common platform to pay numerous utility bills like electricity, water, gas, telephone and direct-to-home (DTH) television service, etc. from a single website or outlet using multiple payment modes like Net banking, credit cards, debit cards, e-wallets, and even by cash in case of offline mode, and get instant confirmation.
Paymoney Recharge comprises of an application for setting up customer touch points to handle bill payments through different delivery channels, including self-service, Agent assisted, electronic and offline modes. An API interface integrates the system with the central unit of BBPS – NPCI. Bharat Bill Payment System (BBPS) is an RBI mandated, centralized and interoperable bill payment system that allows a customer to pay bills online as well as offline across geographies with certainty, reliability, and safety of the transaction.