Bharat Bill Payment System, BBPS
The group responsible for paying utility bills will find the Bharat Bill Payment System convenient and comfortable. In order to collect money for the customer's persistent actions, the system will provide a service. Take phone bills, power bills, water bills, etc. as examples. As informed from time to time by the RBI, the machine will be able to collect payments for services other than government taxes, school fees, mutual fund payments, insurance premiums, etc.
Net banking (IMPS, NEFT)
There will be an online tool for creating bill payments through net banking (IMPS, NEFT). The locations of agents, ATMs, and bank offices will all have service centers available. There will be several ways to make payments, including credit or debit cards, e-wallets, money transfers, net banking, etc.The fact that the bill can be paid anywhere, at any time, is the biggest advantage. Retail bill payment providers could exist all throughout the nation and be able to take payments for various types of bills using credit cards, debit cards, mobile wallets, and net banking (IMPS, NEFT). Payments will be made securely through the NPCI system at the BBPS outlets, which would include banks, ATMs, business correspondents, kiosks, etc. Instant receipts would also be provided.
The system is integrated via an API interface.
The program that establishes client contact points to handle charge payments through various delivery channels, such as self-service, agent aided, digital, and offline modes, is the solution. The system is integrated with the NPCI, the core component of the BBPS, via an API interface. With predictability, dependability, and trade safety, customers can pay bills online or offline across geographical boundaries using the Bharat Bill Payment System (BBPS), a centralized and interoperable system authorized by the RBI. BBPS is a popular platform for paying several utility bills (such as those for phone, gas, water, electricity, and direct-to-home (DTH) television service) from a single website or outlet using credit cards, online banking, and other payment methods.
Money Transfer
If a consumer has an Aadhar account linked to it, they can utilize the AEPS service to pay money instantaneously to any bank account using Aadhaar Verification. The fingerprint is verified using the UIDAI in the AEPS service. Regarding the user's credibility, UIDAI notifies the lender in reaction to a trade. Send your question here for further information about AEPS service. With the help of the portal, you can provide a variety of suppliers. You can integrate the Bharat invoice payment system on your portal to provide your customers with bill payment services in addition to AEPS.