NPCI Bharat BillPay (NBBL), in association with Canara Bank, has launched cross-border inward bill payment services for Indians based in Oman. Through the Musandam Exchange, NRIs can now leverage the robust platform offered by the Bharat Bill Payment System (BBPS) to make bill payments on behalf of their families.
This initiative signifies a milestone for Canara Bank as the first public sector bank in India to offer inbound cross-border bill payments through BBPS. With this development, Indians living in Oman can now make quick, simple, and secure payments on bills for services back home. Musandam Exchange, which is managed by Canara Bank, is also the first exchange house in Oman to go live on cross-border inbound bill payments.
The cross-border bill payment service is already live in Kuwait, facilitating inbound remittances across utilities like electricity, water, mobile phone, gas, credit card bills, and more. With this development, NRIs in Oman will now enjoy these benefits for the very first time, marking an important juncture in India’s digital payments journey. The service provides Indian expatriates, who up until now had to rely on conventional methods to pay their domestic bills, with a much-needed option.
K Satyanarayana Raju, MD & CEO at Canara Bank, said, “This initiative is in line with our commitment to providing innovative and customer-centric solutions to our clients. We are confident that this facility will enhance the banking experience of our NRI customers and strengthen our relationship with them.”
