Tuesday, Sep 27, 2022

Now use MobiKwik to pay utility and convenience bills

MobiKwik has got in-principle approval from the Reserve Bank of India (RBI) to set up a Bharat Bill Payments Operating Unit (BBPOU).

Mobile wallet MobiKwik, MobiKwik, eWallet, Reserve Bank of India, National Payments Corporation of India, payment with MobiKwik, Utility bills payment, MobiKwik Utility bills payment, Technology, Technology news MobiKwik to be integrated with Bharat Bill Payment System

Mobile wallet MobiKwik announced that users across the country will be able to pay their utility and convenience bills using its wallet.

The company has got in-principle approval from the Reserve Bank of India (RBI) to set up a Bharat Bill Payments Operating Unit (BBPOU), it said in a statement here.

It will now be integrated with Bharat Bill Payment System (BBPS), a bill payment system by NPCI, offering inter-operable and accessible bill payment service to customers through a network of agents, it added.

“We are determined to serve the entire country with digital payments and enable Indians from rural or urban areas in making seamless and secure payments from their mobile phones,” said Bipin Preet Singh, co-founder of MobiKwik. Bharat Bill Payment System (BBPS) is a tiered structure for operating the bill payment system in the country under a single brand.

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Also Read: MobiKwik sees 400% rise in transactions post demonetisation

National Payments Corporation of India (NPCI) will function as the authorised Bharat Bill Payment Central Unit (BBPCU), which will be responsible for setting business standards, rules and procedures for technical and business requirements for all the participants, MobiKwik said.

In its initial phase beginning this month, BBPS will cover repetitive payments for everyday utility services such as electricity, water, gas, telephone and Direct-to-Home(DTH).

First published on: 29-12-2016 at 07:18:44 pm
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