The BBPS system allows multiple modes of payment and provides instant confirmation of payment through SMS or receipt. BBPS system captures bills of different categories like electricity, telecom, DTH, gas, water bills etc from a single window. BBPS empowers every citizen to cover their bills under a single window.
The interoperable platform makes it possible for a customer of one bank to cover the bills of the biller received by another lender. The platform also has an option that allows banks to serve customers through non-banking entities as well.
Revolutionizing the bill payment market of India, BBPS empowers every citizen to pay their bills under a single window.
At present, only 5 utilities are allowed at this level, namely – Electricity, Gas, Water, DTH and Telecom.
RBL Bank's BBPS suite makes it possible for any aggregator in the market to directly connect with the BBPS community in India. The product enables billing not only through an Internet payment gateway established platform but also through an extensive network of physical merchants and agents.