Sun, Dec 11, 2016 | updated 01:23 PM IST

FIME selected as empanelled certification agency for 'Bharat Bill Payment System'

Updated: Sep 02, 2016 16:32 IST
New Delhi [India], Sep 2 (ANI-BusinessWireIndia): FIME was selected as the empanelled certification agency for the Bharat Bill Payment System (BBPS), an integrated bill payment system offering interoperable and accessible bill payment services to customers, both online and offline, in India.

The system works through a network of agents, enabling multiple payment modes, and providing instant confirmation of payment. The BBPS project crossed a seminal milestone with the pilot launch on 31 August 2016 at the MCA Recreation Centre, Bandra Kurla Complex in Mumbai, which was inaugurated by R. Gandhi, Deputy Governor, Reserve Bank of India.

BBPS is a centralized payment system that will allow customers to use a single website or outlet to pay recurring bills, such as phone and electricity bills. The system accepts multiple modes of payments such as net banking, credit cards, debit cards, e-wallets and cash, in offline mode, and provides instant confirmation of payments.

"We are proud to be at the heart of India's move towards integrated bill payments, and ensure the interoperability, security and reliability of the system," said Prakash Sambandam, Vice President South-East Asia at FIME.

"We believe BBPS offers an efficient and cost-effective alternative to existing systems, and will go a long way in providing greater convenience and enhancing the consumer experience," he added. (ANI-BusinessWireIndia)