Bharat Bill Payment System | BBPS Service Provider

Bharat Bill Payment System (BBPS)

Introduction

Bharat bill pay system (BBPS) is a real-time bill payment system that is RBI mandated and managed by National Payments Corporation of India (NPCI). It provides the convenience of bill payment to its customers at any time and from anywhere. You can make safe and secure transactions through a network of agents.  BBPS allows multiple payment channels with instant confirmation. The payment system connects utility service companies to all payment service providers. Through this system, the need of carrying cash for transactions would be reduced to a great extent as it promotes online payments for your utility bill payments.

Benefits of BBPS

Customer Benefits

  • Secure and safe payment of bills
  • You can pay bills through credit cards, debit cards, e-wallets, UPI, cash, cheques, and net banking anytime & anywhere
  • You can make regular utility bill payments
  • Payment of any bill through a single portal
  • Instant payment with instant confirmation through SMS.

Participants Benefits

  • Cost reduction for billers by providing e-bills.
  • Cases of frauds are less and easily traceable.
  • Automatic bill payment mode
  • Easy collection and accounting of transactions.

Scope of BBPS

BBPS aims to pay bills such as direct-to-home (DTH), telecom, water, gas, and electricity at any time and from anywhere through cash or digitally. It also enables payment of insurance premiums, municipal taxes, school fees, college fees, and recurring payment.

After the expansion of the payment facility, one can pay municipal taxes, insurance premiums, school fees, and other recurring payments with ease.

BBPS - iServeU
BBPS Panel - iServeU

FAQs

How to start BBPS service with iServeU?

iServeU is a service provider for BBPS. We provide BBPS Admin Portal with AEPS, DMT, and Recharge Services. You can register yourself with iServeU and avail of our services.

What is the timing for the BBPS transaction?

BBPS Transaction services are available round the clock and 365 days including all public holidays.

How can I use BBPS?

You can visit iServeU online portal (www.mydigitalpayment.com) and select the BBPS bill-payment option and choose the category of the bill payment.

Are there any transaction charges?

BBPS transaction charges are nil. However, in the future, some changes would be there as per BBPS rules.

When can I get the payment confirmation?

The confirmation shall be received instantaneously on registered mobile or e-mail address after the successful transaction.

When will I get the refund, in case of a failed transaction?

The amount will be back to the customer’s account within 2-3 working days.

What is the transaction limit for BBPS payments?

Only the Net-banking transaction limit will be applicable.

Key highlights

  • One-stop access for all your recurring bill payments.
  • An integrated platform that connects banks and non-banks in bills aggregation business, billers, retail bills, utility bills, and payment service providers.
  • It facilitates multiple payments and transactions at the same time.
  • After every successful BBPS transaction, you will get an instant confirmation in the form of an email or SMS on your registered mobile number.