MobiKwik, an issuer-independent digital financial services platform, mobile wallet major and payment gateway announced that users across India, including those from rural and semi-rural areas can now pay their utility and convenience bills using the wallet.
The announcement comes after the company integrated its payment services with National Payments Corporation of India's (NPCI) Bharat Bill Payments System (BBPS), and will also soon launch as Bharat Bill Payments Operating Unit (BBPOU).
"At MobiKwik, our mission is to enable a billion Indians with easy access to digital payments and with BBPS, our users can now pay all utility bills with a single tap. We are observing millions of transactions with BBPS today and look forward to more milestones as we are launching as a BBPOU shortly," said Mobikwik CEO and Founder, Bipin Preet Singh.
The BBPS is a tiered structure for operating the bill payment system in the country under a single brand. The NPCI will function as the authorised 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, the BBPS will cover repetitive payments for everyday utility services such as electricity, water, gas, telephone and Direct-to-Home (DTH).