8 More Billers join the BBPS Platform

          The total number of Billers on BBPS platform increased from 182 in March-end, to 190 by the end of April 20.

          8 new billers onboarded BBPs to avail the benefits of a Pan India Biller System working tirelessly 24*7, 365 days a week, with almost NIL downtime.

          Once a Biller is ‘Live’, on BBPS platform, its customers can pay their bills through multiple channels, multiple modes and receive credit confirmation from respective billers very fast.

          The TAT for Bill Payment confirmation from BBPS Billers depends on Billers IT Integration with BBPS APIs.

          DTH Players offer instant updation, almost real-time, as the majority of customers recharge their DTH accounts at the last time.

          The race for the 200 count has begun, by end for May 2020 the number of BBPS Billers will go up another minimum 11, to cross the 200 mark.

          Still BBPS has a long way to go. A good beginning has been made and now the push has begun.

          The majority of the billers’ in the old categories i.e Electricity, Water, Telecom have onboarded BBPS. Very few billers in the above categories have been left out. The focus now is on customers' migration to BBPS over other billing channels.

          Loan Repayments, FASTags are relatively new categories and volumes in these two categories are picking up. Many billers have still onboard BBPS or popularise BBPS as a payment option. Maybe Billers are still in the testing and stabilization phase. Once the testing phase is over, and positive feedback received from borrowers, recovery team, backend team, billers will encourage BBPS payments. Here also, once a borrower pays via his/her Loan EMI/Overdue via BBPS, he/she will find it beneficial to pay other bills via BBPS.

          Usually, once a customer pay’s his/her first bills via BBPS, he/she will find it beneficial to pay all his/her bills via BBPS only. The challenge is motivating the customer to pay his/her first bill via BBPS. Post that, payment of subsequent bills becomes easier.

          There are numerous advantages of BBPS. The main advantage for the customers is the payment comfort from his/her own home, without the dependency on 3^rd parties. Children can settle their parent’s bills without worrying about the wrong amount paid, or payment via unknown 3^rd party websites/apps. This is particularly useful in the Lockdown period.

          So what are you waiting for, just go any pay your first bill via BBPS