BHARAT BILL PAYMENT SYSTEM (BBPS)

About:

• BBPS, an interoperable platform for repetitive bill payments, functions under the aegis of National Payments Corporation of India (NPCI).
  
  
• BBPS currently covers bills of five segments viz. (1) Direct to Home (DTH), (2) Electricity, (3) Gas, (4) Telecom and (5) Water.
  
  
• Now, RBI has decided to expand the scope and coverage of BBPS to include all categories of billers who raise recurring bills (except prepaid recharges) as eligible participants, on a voluntary basis. This directive has been issued under the Payment and Settlement Systems Act, 2007.
  
  
• With the expansion of the scope of the payment facility, other recurring payments such as school fees, municipal taxes, insurance premiums can also be paid via BBPS.