Postpaid Bill Payment | Pay Bill Via Bharat Bill Payment System

Postpaid

Postpaid

The first phase, BBPS has been released and it will provide bill payment facility for daily use services like Paying bill of the postpaid sim. recently Spice Digital Limited (SDL) has been granted a final license in respect of BBPS by Federal Reserve Bank of India- (RBI). DL Company has been allowed to participate within the bill payment process as Bharat Bill Payment Operating Unit (Bharat Bill Payment Operating Unit -BBPOU) in Bharat Bill Payment System – BBPS.

BBPS what’s it?

  • Bharat Bill Payment System – BBPS may be a conceptual system of the Federal Reserve Bank of India, which is operated by the National Payments Corporation of India – NPCI.
  • This system acts as a payoff platform for all kinds of bills.
  • Thus it provides a far better and accessible bill payment service to the purchasers across the country along side payment transfer, reliability and security.
  • BBPS Through cash, check transfer and payment are often done electronically.
  • Aggregators and banks acting as operating units perform these transactions for the purchasers.

NPCI what’s it?

  • The National Payments Corporation of India – NPCI is an umbrella organization for all retail payment systems in India.
  • It was established with the guidance and support of the Federal Reserve Bank of India and therefore the Indian Banks’ Association – IBA.
  • Currently, NPCI Has ten promoter banks.