Bharat Bill Payment System (BBPS) is a Reserve Bank of India (RBI) conceptualised system which offers integrated bill payment system in India offering interoperable and accessible bill payment service to customers through a network of agents of registered member as Agent Institutions (AI),[1] enabling multiple payment modes, and providing instant confirmation of payment.
It offers bill payment services to consumers through network of agents/retail shops/bank-branches and digital channels like Internet banking of banks, Mobile app of banks etc. allowing multiple payment modes like Card, UPI, AePS, Wallet, Cash and provides instant confirmation. It will facilitate a less cash society through migration of bill payments from cash to electronic channel.
