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Bharat Bill Payment System is a Reserve Bank of India (RBI) conceptualised system driven by National Payments Corporation of India (NPCI) which offers integrated,accessible and interoperable recurring payment services to consumers across geographies with certainty, reliability and safety of transactions.
Bharat BillPay is an ecosystem that provides one-stop interoperable bill payment solution for recurring payments and enables the consumers of banks and non-banks across India to make bill payment via their preferred mode of channel like Mobile App, Mobile Banking, Website/Pre-login, Internet Banking, ATM, KIOSK Physical centres like Agent, Bank-Branch, Business Correspondents BBPOU Bank/Non-bank entity facing Customer BBPOU Bank/Non- bank entity connected with Biller. Consumers 3 | P a g e Bharat Bill Payment System created a network through interoperability thereby extending the reach of a traditional utility bill payment system giving customer access through multiple payment channels and methods.
Key features that are unique to BBPS are highlighted below