Interoperable & easy
fetch
Enable all modes of payments at one place
Accessibility
Accessible digitally and physically both. ie, online & offline payment are available
Cost-effective
Most cost effective for entire ecosystem.
Complaint
management
Standardized system to handle complaints for both ON-US and OFF-US Transactions
Objective Of BBPS (Bharat Bill Payment System)
The main objective of BBPS is to implement an integrated bill payment system and to initiate digital cashless payments across the country.
This system was initially started with the facilities of some regular utility bill payments. With the expansion of the scope of BBPS, it would include other repetitive payments also like Insurance Premium, School or College Fees, EMIs, Municipal Taxes, Mutual Funds, etc.
Benefits Of BBPS To Customers
We at ApiBox offers finest BBPS bill payment API to merchants to start providing pre-eminent benefits to customers. Some of the major benefits are as follows:
- BBPS offers the customer to pay their bills anytime and anywhere
- It provides an easily accessible bill payment system to large segment of un-banked and under banked population.
- The bill payment service points are available to consumers at their place of work and residence
- BBPS provides inter-operability so that customers can pay bills via multiple payment modes such as cash, debit/ Credit Card, payments through prepaid payment instrument and electronic payment options.
Easy Bill Payments - BBPS
BBPS is an economical, intensified and suitable subtitle to the existing payment system with additional features. As bill payment is the major component of India’s retail transactions, so it is needed to offer unified bill payment system. Hence, we as a BBPS API Provider offers you the developed and designed start-ups to earn highest commission in market on each BBPS transaction. it is a convenient and time saving system through both online and offline mode of transactions via different payment channels.