Bharat Bill Payment System allows you to make all your bill payments from a single platform and therefore helps manage your bills in the simplest way possible. BBPS is a one-of-a-kind payment system in India that has changed the way bills were used to be paid by the Indian citizens. Bharat Bill Payment System has brought about a revolution in the bill payment market of India as it enables all citizens to pay their utility bills from one platform. The unified ecosystem of BBPS is an online bill payment system that brings all major billers under one roof.
BBPS comes with a lot of benefits for Indians. Let’s check them out in detail!
• Benefits for Customers
The most significant advantage of the BBPS system is that you can pay your monthly utility bills anytime and anywhere through the vast network of Payworld retail points. You can make your payments through credit cards, mobile wallets, debit cards and net banking (NEFT, IMPS). The BBPS outlets also include ATMs, banks, kiosks, business correspondence, etc. and the payments are made securely and safely through the network of NPCI.
• Benefits for Participants
Utility service providers also enjoy their fair share of benefits from the BBPS system. Corporators can also add their own value-added services. Moreover, the bills and disbursal can also be generated economically without any manual work. In addition to all of these advantages, the BBPS platform also offers risk mitigation systems and fraud monitoring in order to ensure safe and smooth online transactions.
Let us now take you through the advantages of BBPS over other integrated bill payment services! Read on to find out!
1. Interoperable:
BBPS is an integrated platform that connects several banks and non-banks in billers, bill aggregating business, retail bill outlets, and payment service providers.
2. Accessible:
BBPS also facilitates a smooth and seamless bill payment system through any channel of your choice in addition to Agent-Assisted Model at all Agent/Bank Branch/BC Outlet/Online Channels.
3. Complaint Management:
A great option, thanks to BPSS’s standardized system of complaint management, customer grievances for all sorts of transactions are handled with ease and in a prompt manner.
4. Clearing and Settlement:
There is an ease of bill payment and settlement without standing in long queues.
Besides all of these pros of the Bharat Bill Payment System, customers usually go for this platform because of the standard rules and a unified grievance handling system of the platform. It also provides reliable and convenient services with the highest degree of security and trust. Instant payment confirmation with transparent pricing is also guaranteed.
Become a Payworld retailer now and enjoy great incentives by offering bill payment service to your customers. Register now at: https://www.payworldindia.com/retailer/signup
