BBPS spreading its wings with new Billers queued up
The success of BBPS is attracting new billers to its fold. Utility companies across
the country are racing to onboard BBPS. The safe payment options for customers
are driving up the volumes. The growing volumes, in turn, are attracting new
billers.
‘Loan
Repayments’ is a new biller category added to BBPS.
BBPS
Volumes for the Financial Year 2019-20 are as under:
FASTag and Loan Repayments are the new entrants. These new entrants should reflect in
the increased volumes in the coming months.
NPCI
has running awareness campaigns to popularise BBPS. The addition of new billers to
the BBPS platform is leading to a multiplier effect on the whole ecosystem.
The
more customers pay their bills via BBPS, the more billers will be encouraged to
onboard BBPS.
The existing biller categories are:-
01) Electricity
02)
Water
03)
Gas Supply
04)
Telephone
05)
DTH Recharge
06)
Insurance
07)
FASTag
08)
LPG Gas
09)
Broadband
Bills on BBPS can be paid via: -
01) Cash
02)
Direct Debit to Bank Account
03)
Credit Card
04)
Wallets
05)
Prepaid Cards
06)
IMPS
Bills on BBPS can be paid through:
-
·
KIOSK
·
Agent
·
ATM
·
Internet
·
Bank Branch
·
Mobile Banking
·
Business Correspondents
In the next couple of months, a number of billers in the following categories go Live:
Water – 173 new billers
Gas – 10 new billers
Electricity – 3 new billers
MSO – 26 new billers
ISO – 88 new billers
I pay my::
a) Electricity
Bill
b) Phone
Landline Bill
c) Mobile
Landline Bill
d) Insurance
Premiums
Via BBPS.
What bills do you pay via BBPS?
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