Bharat Bill Payment System (BBPS)

[Sushubh]

Source

 

[Sushubh]

Will NPCI’s Bharat Bill Payment System create a unique retail bill payment system? 5 things to know

i still have no idea what this is all about.

 

[amish]

Why are they creating too many systems?

Whole purpose dies with too many systems.

People will keep getting confused.

 

[Sushubh]

 

[Sushubh]

NPCI gets RBI nod to operate Bharat Bill Payment System

i am confused. if npci was not operating bbps till now, then who was!

 

[amish]

So one more name

NEFT, IMPS, UPI, BHIM, BBPS

 

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[Sushubh]

you have already expressed shock above when i first posted about it.
bbps is pretty widespread now i think. all major banks have started using bbps branding in their bill paying section i think.

 

[amish]

Ohh hahaha didnt notice that (or remember that). It was in February,

But I remember something called NACH run by NPCI too... this BBPS seems to be much similar thing.

 

[Sushubh]

NRIs can pay utility bills using Bharat Bill Payment System

The Bharat Bill Payment System (BBPS) is an interoperable platform for standardised bill payments. Over 20,000 billers are part of the system, and more than 8 crore transactions are processed on a monthly basis.

economictimes.indiatimes.com