BBPS | Bharat Bill Payment System | What is BBPS | Digital Seva Portal

BBPS | Bharat Bill Payment System | What is BBPS | Digital Seva Portal BBPS | Bharat Bill Payment System | What is BBPS | Digital Seva Portal Namaskar. I’m PaSa and I welcome you to my YouTube Channel KaraMazu. This video is about BBPS | Bharat Bill Payment System | What is BBPS | Digital Seva Portal This is to inform you that Bharat Bill Payment System (BBPS) is now live on the Digital Seva Portal. All VLEs are requested to make the mobile, electricity and other utility bill payments through the BBPS Platform. BBPS, a One-stop access has multiple modes of payment and provides instant confirmation of payment via an SMS or receipt. BBPS also offers myriad bill collection categories like electricity, telecom, gas, DTH, water bills etc. through a single window. As a Bharat Bill Payment Operating Unit (BBPOU), CSC will be able to connect with the centralized BBPS which makes a number of BBPS services available to you and further enables your customers to pay their Electricity, Water, Gas, DTH and Mobile bills Benefits to operate on BBPS Platform: Convenience, Time Saving, Uniform experience and flexibility of payment channels. Reliable service with high degree of trust and security. Transparent pricing with instant payment confirmation. Unified Grievance handling. BBPS BBPS stands for Bharat Bill Payment System. The Bharat bill payment system is a Reserve Bank of India (RBI) conceptualised system driven by National Payments Corporation of India (NPCI). It is a one-stop payment platform for all bills providing an interoperable and accessible “Anytime Anywhere” bill payment service to all customers across India with certainty, reliability and safety of transactions. BBPS a One-stop access: BBPS has multiple modes of payment and provides instant confirmation of payment via an SMS or receipt. BBPS offers myriad bill collection categories like electricity, telecom, DTH, gas, water bills etc. through a single window. In future biller categories may be expanded to include insurance premium, mutual funds, school fees, institution fees, credit cards, local taxes, invoice payments, etc. An effective mechanism for handling consumer complaints has also been put in place to support consumer regarding any bill related problems in BBPS. Different Payment Channels BBPS transaction can be initiated through multiple payment channels like Internet, Internet Banking, Mobile, Mobile-Banking, POS (Point of Sale terminal), Mobile Wallets, MPOS (Mobile Point of Sale terminal), Kiosk, ATM, Bank Branch, Agents and Business Correspondents. Different Payment Modes BBPS facilitates myriad payment modes enabling bill payments. The payment modes options facilitated under BBPS are Cards (Credit, Debit and Prepaid), Account transfer, IMPS, Internet Banking, UPI, Wallets, AEPS and Cash. :: BACKGROUND Bill payment is a major component of the retail payment transactions in India, and is characterized by the presence of large number of billers, who provide a variety of payment options to their customers. According to information available on the RBI website, the top 20 cities are generating INR 6,223 billion in bill payments every year – and over 70% of these transactions are still predominantly being carried out by cash or cheques. In addition, the present bill payment infrastructure in India is largely biller-specific in terms of modes of payment accepted and channels supported, and is still to support an ‘anytime, anywhere’ payment option to customers. ================================================ Do consider subscribing to our channel https://www.youtube.com/karamazu?sub_confirmation=1 Facebook Fan Page: http://bit.ly/2u20cSM Instagram: http://bit.ly/2t4lyBO Twitter: https://twitter.com/karamazupasa Blog: http://bit.ly/2u2f9UQ Quora: http://bit.ly/2t4k3DM Google Plus: http://bit.ly/2u2fXci ================================================ If you have any suggestions, questions, facing any problem; please leave the comment below. Thanks for watching. Please like, share this video. Dhandyawad. About: KaraMazu Where technology gets naked. Here you will find a variety of videos showcasing the coolest tech updates and tricks on the planet. From the newest technology to surprising gadgets and technology you never knew existed. It's all here on KaraMazu. KaraMazu is about Exploring Problems, Executing Solutions. We review games, apps, and devices. Most of our content is awesome. Do consider subscribing our channel. We would like to add value to our viewer with awesome content. Business / professional inquiries ONLY - karamazupasa [at] gmail.com