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