Everyone should have experienced standing in long queues to pay electricity, water, and phone bills. Before 2017, Billing was a tedious task that required a lot of time. The Bharat Bill Payment Service (BBPS) was launched by the National Payment Corporation of India on the recommendation of the RBI. BBPS is an integrated payment system that provides customers with a variety of bills, fees, etc. in one place.

When did BBPS service start?

An integrated bill payment system accessible across the country was needed to make their bills easier for people for a long time. In 2014, the guidelines for the integrated payment system were issued by the Reserve Bank of India on 28 November 2014. The BBPS was developed by the National Payment Corporation and was launched in August 2016.

How does BBPS service work?

The working mechanism of the Bharat Bill Payment Service is divided into two parts that work in coordination with each other: BBPCU and BBPOU.

BBPCU (India Bill Payment Central Unit) India is the central unit of bill payment service, which establishes rules and procedures for all participants. It also manages the dispute resolution, clearing and disposal between BBPOU and agents.

BBPOU (India Bill Payment Operating Unit) India operates an online and offline bill payment system for bill payment service, which ensures smooth transactions.

Billing services available in the BBPS service

The following services are available at one place through BBPS service:

• Electricity bill
• Water -bail
• Broadband bill
• Gas bill payment
• DTH recharge
• Fastag recharge
• Housing tax

BBPS service characteristics

• Easily accessible service is available everywhere.
• Payments can be made both online and offline.
• Supports several payment methods including cash, debit card, credit card, and UPI.
• Integrated bill payment system connecting bills, consumers, and banks.

Benefits of BBPS service

The BBPS service has greatly improved the bill payment in India. First, people had to stand in long queues for hours to pay their bills, but now the transaction is immediately completed.

• Thousands of departments across the country are associated with BBPS, allowing speedy payments of water bills, electricity bills, broadband bills and DTH recharge.
• The need to go to many company websites for various bills eliminates the need to visit; All payments can be processed at one place.
• Saving time and money encourages a cashless economy.
• Customers can pay bills using debit cards, credit cards, net banking, UPI or offline methods.

BBPS contribute to Digital India

Since its launch in 2016, BBPS has played an important role in promoting digital transactions. More than 20,000 institutions have joined BBPS, and transactions have increased rapidly:

• 1 crore transactions in 2017-18
• 18 crore transactions in 2020-21
• 3600 crore transactions were overall processed

BBPS Service Access with SevenUnique Tech Solution

SevenUnique Tech Solution is a leading fintech company in India, aimed at expanding BBPS-based bill payment services in urban, semi-urban and rural areas. Through its innovative technology and safe platform, Services provides the tech solution:

• Digital bill payment services
• Money transfer facilities
• AEPS Services
• Insurance and loan services

Using the BBPS service of SevenUnique Tech Solution, people can safely and easily pay their bills without any hassle.

conclusion

To start using BBPS service, you can apply online through the Consumption SevenUnique  Tech Solution Portal and open a retail store by contacting the company. With minimal investment, SevenUnique Tech Solution enables you to install a retail store to make you pay the payment of the bill efficiently. The BBPS service bills make a spontaneous experience for everyone.

My website:- https://www.sevenunique.com/

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Contact:-9119101723