Bharat Bill Payment Service (BBPS)
Bharat Bill Payment System (BBPS) is a system which offers integrated, accessible and interoperable bill payment services to consumers across geographies with certainty, reliability and safety of transactions. It offers bill payment services to consumers through network of agents/retail shops/bank-branches and digital channels like Internet banking of banks, Mobile app of banks etc. allowing multiple payment modes like Card, UPI, AePS, Wallet, Cash and provides instant confirmation.
It will facilitate a less cash society through migration of bill payments from cash to electronic channel.
Presently Bank is offering solution to Pune Municipal Corporation (PMC) MSEDCL bill payments on BBPS platform.
Benefits of BBPS:
Consumers can pay bills of any biller at a single point with its widespread agent network leading easy accessibility. (Online as well as offline- Branches, business correspondents, customer service points, retail agents of aggregators, ATMs (Automated Teller Machine), Kiosks etc.)
- With BBPS, customers no longer need to stand in long queues.
- Wider biller options are available on a single platform
- Consumers can pay through multiple modes (Cash, Debit Cards, Credit Cards, Prepaid instruments including wallets and other electronic payment options such as Net Banking, IMPS and NEFT etc.)