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Bharat BillPay facilitates 31.5 mn payments in March

Bharat BillPayBharat BillPay, the one stop bill payment ecosystem launched by National Payments Corporation of India (NPCI) has facilitated 31.5 million bill payment transactions in March 2018. This compared with 18 million in March 2017, recording a growth of 75%. Using Bharat BillPay customers can make electricity, water, DTH, telephone/mobile/broadband and gas bills. There are multiple channels available to a consumer for paying the bills, including internet banking, website, mobile banking/mobile app, or physical collection points like kirana shops. There are also multiple payment options like debit card, wallets, UPI and cash.  A.R. Ramesh, chief project officer, Bharat Bill Payment System at NPCI, said the primary reason behind growing acceptance of Bharat BillPay among consumers is the ease of making instant and safe bill payments to any biller of any state, city or region from anywhere in India. Currently, the ecosystem has enabled 75 billers (electricity: 49; DTH:3; Mobile Postpaid: 4; Landline Postpaid: 2; Broadband: 3; Gas: 10; Water; 4) who are spread across 20 states and 3 Union Territories in India. Of these, 13 billers are available across India.

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