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Current Market

The current bill payment system in India offers a variety of physical and digital payment delivery channels to the public.

 
Current bill payment Market Segmentation by Payment Channels:
 
 
EBPP Electronic Bill Presentment and Payment
IPG/MPG Integrated/multiple payment gateway
 

The physical channel continues to dominate the bill payment space.

Third party sites and biller websites offer payments through a host of online payment modes through payment gateway (PG) integration.


 
 
Current bill payment Market Segmentation by biller types
 

The bill payments landscape in the country is characterised by the presence of a large number of billers including payment-on-demand service providers or organisations who provide a variety of payment options to their customers.


 

Majority of the bill payments under ‘Existing Categories’ are presently made through cash and cheques; Major payments in cash occur at Biller’s own Collection Point (BOCP).

The percentage of online payments for biller segments mentioned in the ‘Emerging Categories’ is expected to grow in the next 3-5 years.

Know about the Evolution of BBPS >>


CURRENT NEEDS OF THE BILL PAYMENT MARKET
Interoperable and accessible
bill payment services
Multiple payment modes
Instant confirmation of payment


 
 
THE EFFICIENT, COST- EFFECTIVE ALTERNATIVE TO THE EXISTING SYSTEMS IS TO OFFER

 
Set common standards for bill payments
 
Network of agents under a single platform
 
Enhance consumer confidence and experience


 
BHARAT BILLPAY
ANYTIME
ANYWHERE
BILL PAYMENT
PAN India touch points for safe & reliable bill payment services across the country.
One point solution for essential utility bills such as electricity bill, phone bill, DTH, piped-gas bill etc.
Bill payment services through the network of agents with the availability of multiple payment modes and instant confirmation.
Facilitates cashless society through migration of bill payments from cash to electronic channels and digital modes.
Learn more about how BBPCU operates >>
BHARAT BILL PAYMENT CENTRAL UNIT

National Payments Corporation of India (NPCI) will function as the authorized Bharat Bill Payment Central Unit (BBPCU).

BBPCU will be responsible for setting business standards, rules, and procedures for technical and business requirements for all participants.

The Bharat Bill Payment System (BBPS) will function as a tiered structure for operating the bill payment system in the country under a single brand image.

BBPCU will also undertake clearing and settlement activities related to OFF-US transactions.

BBPCU will have a dispute resolution mechanism to handle all disputes arising between participants and also an end-to-end consumer complaint grievance redressal mechanism to resolve all consumer complaints regarding payment of bills.


 
Functions of BBPCU
Set Standards: Business, Process and Procedures
MIS & Fraud & Risk Management
Marketing and Brand Positioning of Bharat BillPay
Dispute management system for BBPOUs
Settlement of BBPOUs for OFF-US transactions
On boarding of BBPOUs
End-to- End Complaint Management System for Consumers
Know more about NPCI >>
ABOUT NPCI

The RBI, after setting up the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS) in 2005, released a vision document incorporating a proposal to set up an umbrella institution for all the RETAIL PAYMENT SYSTEMS in the country.

National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments system in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA).

NPCI was established with following objectives -

a)To consolidate and integrate the existing multiple systems into a nation-wide uniform and standard business process for all retail payment systems.

b)To facilitate an affordable payment mechanism to benefit the common man across the country and propel financial inclusion.

 
From 2 million to 20 million transactions a day during the last 5 years.
 
From a single service of switching of inter-bank ATM transactions, the range of services has grown to Cheque Clearing, Immediate Payments Service (24x7x365), Automated Clearing House, Electronic Benefit Transfer and a domestic card payment network named RuPay.
 
Dedicated to the nation by the Hon’ble President, Shri Pranab Mukherjee, endorsed by the Hon’ble Prime Minister, Shri Narendra Modi and later made the card of choice for the ambitious Pradhan Mantri Jan Dhan Yojana, RuPay is now a known name.
 
Honourable Prime Minister as a part of the “Digital India” Vision launched NPCI led products like BHIM & Aadhaar Pay, enabling digitisation of payment transactions to the consumers and Merchants across India.
  
 
Know more about NPCI >>
A.BRAND LOGO
 
 
Brand Identity Guidelines-Bharat Bill Payment System.pdf
Bharat BillPay All Logo Formats.zip
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