MobiKwik to Soon Enable Utility Bill Payments, Receives RBI Approval

Mobile wallet firm MobiKwik on Wednesday said its users across the country will be able to pay their utility and convenience bills using the wallet as the company has received an in-principle approval from the RBI to set up a Bharat Bill Payments Operating Unit (BBPOU).

MobiKwik to Soon Enable Utility Bill Payments, Receives RBI ApprovalThe company will now be integrated in Bharat Bill Payment System (BBPS), a bill payment system by National Payments Corporation of India (NPCI), offering interoperable and accessible bill payment service to customers through a network of agents, MobiKwik said in a release.

It said BBPS is a tiered structure for operating the bill payment system in the country under a single brand, and NPCI will function as the authorized 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.

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), the release 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,” MobiKwik Cofounder Bipin Preet Singh said.
Founded in 2009, MobiKwik claims to have a network of more than 250,000 direct merchants and 45 million-plus users.

admin

Related Posts

Is this Sony’s PlayStation answer to the Nintendo Switch?

Comments Off on Is this Sony’s PlayStation answer to the Nintendo Switch?

Canon Launches 10 New Printers in Professional Printing Domain

Comments Off on Canon Launches 10 New Printers in Professional Printing Domain

Fiat Chrysler, Google Partner on Android-Based Car Infotainment System

Comments Off on Fiat Chrysler, Google Partner on Android-Based Car Infotainment System

Facebook introduces live video streaming to take on Periscope

Comments Off on Facebook introduces live video streaming to take on Periscope

Google Gives Google+ Some Nips and Tucks

Comments Off on Google Gives Google+ Some Nips and Tucks

EaseUS Data Recovery Software: Experience the Complete Recovery Package

Comments Off on EaseUS Data Recovery Software: Experience the Complete Recovery Package

Release Your Inner Hero with Mobile Tower Defense Games

Comments Off on Release Your Inner Hero with Mobile Tower Defense Games

You should know about Starta Dispensary Seo

Comments Off on You should know about Starta Dispensary Seo

Throw a good party with a tasty cake

Comments Off on Throw a good party with a tasty cake

Snapchat is already more valuable than these 9 companies

Comments Off on Snapchat is already more valuable than these 9 companies

DDoS Attack Causes Waves of Internet Outages

Comments Off on DDoS Attack Causes Waves of Internet Outages

Maintaining a Divided Broadband Signal with Filters

Comments Off on Maintaining a Divided Broadband Signal with Filters

Create Account



Log In Your Account