The Cat is out of the Bag – Schools to collect Fees via BBPS (Bharat Bill Payment Service)

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          The immense investment in India’s premier Digital Bill System i.e BBPS is paying off. The bill payments in the BBPS channel is on the increase.

          BBPS currently supports Electricity, Water, Mobile phones, Land Phones, Loan Repayments, FASTag, LPG consumer gas, DTH, Broadband, and Insurance Premium categories.

          There are 182+ billers on the BBPS channel.

          Loan Repayment, FASTag, LPG Consumer Gas are the latest entrants to BBPS.

          Though the number of billers is less, the volumes are high, as the customer base of the respective billers is very high.

          Educational Fees is the next category which BBPS will make an entry.


          Work is afoot to onboard 18,000+ schools all over India on to the BBPS platform. The Goa education department has taken the lead and vide its Circular dt. 10th March 2020 advised all Heads of unaided primary/middle/secondary and higher secondary schools to onboard BBPS.

          Please note that the circular highlights BBPS as the simplest method for all billers to enable digital payment.

          Shri Ankur Chugh is the Lead Relationship Manager from NPCI. Shri Punyabrata Ghatak and Shri Ajay Chankar are leading the efforts from MEITY for seamless onboarding of schools on to the BBPS channel.

          The next academic year will start in a couple of months, and schools will start to collect the fees. By then, a good number of schools will have BBPS as a payment channel.

          Payment of Bills on BBPS is via various modes - Offline and Online, Via Cash/Net Banking/UPI/Credit Cards etc.

So, parents need not worry about payment challenges.

          There will be more clarity on the Payment type i.e any amount or Fetch & Pay amount. Under ‘any amount’, there is no fixed amount that is to be paid. Under Fetch & Pay, the payment amount is fetched from the educational institution’s database.

Each type has its own plus and minus points. The same biller i.e educational institution can choose to accept fees through both types.

          As many as 1.58 crore transactions were undertaken on the Bharat BillPay platform in March

Significantly, it was only Bharat BillPay that registered a growth in transactions last month as more consumers went online to pay their utility bills during the home isolation.

As many as 1.58 crore transactions were undertaken on the Bharat BillPay platform in March, amounting to ₹1,953.55 crore, according to data released by the National Payments Corporation of India. In February, 1.49 crore transactions were conducted on the platform, processing ₹1,957.40 crore.

So India-Bharat get ready for payment of educational institutions fees through BBPS.
         




Additional Reference: https://www.education.goa.gov.in/sites/default/files/Bharat%20Bill%20Payment%20System.pdf
https://timesofindia.indiatimes.com/city/goa/schools-told-to-take-fees-via-bharat-bill-pay/articleshow/74532357.cms


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