Bharat Bill Pay News

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Transaction in UPI, IMPS, Bharat Bill sees slowdown in growth rate. Here’s what RBI’s data shows

The latest bulletin of RBI showed that the growth rate in transactions in UPI, IMPS and Bharat Bill Payment System slowed down in January 2023 compared to the growth rate of the same month last year.

2 min read18 Feb 2023
Money

NRIs can pay utility bills using Bharat Bill Payment System; All you need to know

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.

2 min read5 Aug 2022
Industry

You can now pay insurance premium, school fees, municipal taxes through Bharat Bill Payment System (BBPS)

The only category excluded from Bharat Bill Payment System (BBPS) now is prepaid rechargesBBPS payments can be made using cash, cheques as well as through digital methods

1 min read17 Sep 2019
Industry

RBI expands scope of Bharat Bill Payment System

The payment system is an interoperable platform that enables a customer to pay bills such as telephone, DTH and electricity at a single locationOther recurring payments such as school fees, municipal taxes, insurance premiums can also be paid through the Bharat Bill Payment System

1 min read17 Sep 2019
Money

Soon, pay school fees via Bharat Bill Pay

Currently, service providers for electricity, water, telecom, gas and direct-to-home are enabled to use BBPSRBI decided to reduce the risk weightage for consumer credit (other than credit card loans) from 125% to 100%

1 min read8 Aug 2019
Industry

Truecaller Pay to go live with Bharat Bill Payments Service in December

Truecaller Pay has already started testing the feature with around 54 billers and will soon go live with all the billers on the payments app

2 min read29 Nov 2018
Money

One year from now, we should be able to add mutual funds and insurance in grocery lists

Nearby Technologies Pvt. Ltd co-founder and CEO Anand Kumar Bajaj spoke about plans to take financial services to local kirana stores to target such customers through its app PayNearby

5 min read10 Sep 2018
Ai

BBPS set to unleash major changes across payments ecosystem

RBI has allowed five categories of billers in the BBPS ecosystem: water, direct-to-home, postpaid phones, gas and electricity

3 min read3 Jul 2018
Industry

Bharat BillPay sees 75% growth in transactions in March

Transactions worth Rs2986.15 crore were recorded in March as compared to Rs1125.51crore worth of transactions in March last year

1 min read13 Apr 2018
Industry

Major push required to formalize digital bill payments: report

The Bharat Bill Payment System (BBPS) is an evolving platform and its scope can extend far beyond the current set of utilities, says a KPMG report

2 min read6 Mar 2018
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