Bharat Bill Payment System | iServeU - Best BBPS Provider
iServeU BBPS

Bharat Bill Payment – One Stop Solutions for All Bill Payments

The Bharat bill payment system (BBPS)  is introduced by the reserve bank of India (RBI) and driven by the national payments corporation of India (NPCI). BBPS is a one-stop integrated online platform that allows any time anywhere utility bills payment by providing interoperable and accessible services that ensure reliability and safe transactions. Unlike Paytm, it offers services to people from rural areas to urban areas. One can make payments through business correspondents like iServeU, ATMs, MPOS machines, and iServeU agents which provide the services in the unbanked and under banked areas.

Key Features of BBPS:

  • 100% Secure Transactions
  • User-friendly Platform
  • Unite the different payment ecosystem
  • Accepts multiple channel and modes of payment
  • Proper complaints management
  • Easily accessible
  • Multiple clearing and guaranteed settlements

Benefits of Bharat bill payment system:

  • It offers an integrated platform for timely and guaranteed settlements.
  • If you have any problem with the system, you can contact the dispute management and complaint management system.
  • Instant settlements will improve the liquidity position of Billers
  • Convenient, easy to use, and total time saver
  • One can rely on this system because of transparency in the transaction process
  • Get instant approval or confirmation
  • Great customer’s experience
  • Multiple payment modes like NEFT or IMPS
  • Anytime Anywhere Payment option
  • A move towards a cashless society
  • Bill Payment from electronic channels

Steps to follow to make bill payment using Bharat Bill Payment System

Step 1:  Visit a bank or branch/connect to any internet banking or app of your respective bank or visit a retail shop offering BBPS services.

Step 2: Click on bill payment or BBPS Tab

Step 3: Choose the category of biller and enter the details of the bill

Step 4: Initiate a payment and get instant approval.

The BBPS is introduced to provide a unified payment solution to everyone. It is an economical, easy to operate, and convenient substitute to cash or wallet payment with lots of features. With this system, you can pay bills of:

  • Electricity
  • DTH
  • Internet
  • Water/Municipality
  • Gas supply
  • Telephone
  • Government payments
  • Charity
  • Institutional fees such as school fees or college fees.
  • Other payments:  Insurance, mutual funds, credit card bills

Key Participants

Here is the list of key participants:

  • Bharat bill payment central Unit
  • Bharat bill payment Operating Unit
  • Agent institutions
  • Business Correspondent
  • Agents
  • Billers/Utility Company

Charges of BBPS

The charges of Bharat bill payment services is Nil. There’s no monthly service fee to use Bill Pay.

The Bottom Line:

The introduction of Bharat bill payment has provided ease to customers and improve their experience. One can rely on this payment system as the government has launched it with a motto to integrate all the payment systems. Now the customers don’t have to go to different offices for bill payments. One can easily pay the bills with the help of a business correspondent like iServe. iServeU Agents are in every corner of India and helping rural people to pay their utility bills with ease. For more info, visit iserveu.in or call on 08338088000.