Overview
Maximize your payment collection efficiency using Cashfree Payments’ BBPS-Biller solution. This is designed to seamlessly handle recurring payments digitally and offline. Harness India’s advanced bill payments infrastructure at unparalleled cost-effectiveness.
To begin with, you must first understand what is BBPS -
Bharat Bill Pay System (BBPS) is an integrated online ecosystem that connects 150+ digital payment channels including major UPI apps like GPay, PhonePe, Paytm, AmazonPay, all phone banking apps & netbanking websites for all kinds of bill payments & 35 lacs offline collection centres. This is possible just by a simple single integration through Cashfree Payments which gives wide coverage and reduces payment expenses. These set of apps support multiple payment modes like UPI, Debit & Credit Cards, Net Banking, cash etc.
Advantages of BBPS for Billers?
- You can use Bharat BillPay’s expansive network comprising over 150 digital channels and more than 35 lakh physical outlets for efficient collection.
- Modernize your collection process effortlessly with our digital solutions.
- Expand your presence across all Bharat BillPay enabled collection channels seamlessly.
- Accelerate your dues collection with multiple daily settlement cycles for faster processing.
- Go live in less than 3 weeks.
- 12+ payment modes for customers.
- Efficient settlement processing with a frequency of up to 6 cycles per day, ensuring swift and timely completion.
- Follows RBI regulatory standards, ensuring full compliance at every step.
Use Cases
- Electricity and Water Bills - Efficient payment solutions for utilities like electricity and water bills catered specifically to DISCOMs, Water Supply Boards, Municipal Corporations, and similar entities.
- Partial and full loan repayments - Streamline partial and complete loan repayments effortlessly, designed specifically for Non-Banking Financial Companies (NBFCs), Loan Servicing Platforms (LSPs), and other institutions specializing in lending.
- Broadband, Cable and DTH bills and advance payments - Tailored solutions for managing broadband, cable, and DTH bills, including advance payments, exclusively designed for Local Cable Operators (LCOs), Multiple System Operators (MSOs), broadband, and DTH distributors.
- Landline and Mobile Postpaid recharges - Simplified solutions for seamless recharges of landline and mobile postpaid services, dedicated to mobile network operators and landline service providers.
- B2B invoice payments - Streamline your payment collection process, for B2B invoice payments.
- Insurance Premium payments online and offline - Comprehensive solutions crafted for insurance providers, aggregators, and related entities, facilitating hassle-free insurance premium payments both online and offline.
- Piped Gas and LPG Cylinder - For city gas distribution networks, LPG providers etc.
- PGs and Colive Rentals - For all rental service providers like PGs, co-living, hostels etc.
BBPS Categories
A biller operating in any one of the below categories can readily be a part of BBPS.
Categories Supported | (as by Nov’24) | |
---|---|---|
Agent Collection | Credit Card | Landline Postpaid |
B2B | Donation | Loan Repayment |
Broadband Postpaid | DTH | LPG Gas |
Cable TV | Education Fees | Mobile Postpaid |
Mobile Prepaid | Electricity | Municipal Services |
Municipal Taxes | Fastag | National Pension System |
NCMC Recharge | Gas | Prepaid Meter |
Recurring Deposit | Housing Society | Rental |
Subscription | Insurance | Water |
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