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Bharat BillPay sees 75% growth in transactions in March

Press Trust of India  |  Mumbai 

One-stop bill payment platform Bharat BillPay registered a 75 per cent year-on-year growth in the number of transactions at 31.5 million in March this year.

The platform had recorded 18 million transactions in the same month last year.

"The primary reason behind growing acceptance of Bharat BillPay among consumers is the ease of making instant and safe bill payments to any biller of any state, city or region from anywhere in the country," Bharat Bill Payment System's project A R Ramesh was quoted as saying in a release here today.

A biller is a service provider/utility company who receives payment for the service rendered.

The bill payment platform can be used to pay various utility bills like electricity, water, direct-to-home (DTH), telecom and

is a conceptualised ecosystem, managed by the National Payments Corporation of (NPCI).

At present, 61 banks and 10 function as Bharat Bill Payment operating units (BBPOUs) in the country.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 18:00 IST