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Vakrangee announces tie up with IndusInd Bank

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Capital Market
Last Updated : Oct 05 2017 | 4:13 PM IST

For Bharat Bill Payment System

Vakrangee announced its tie-up with IndusInd Bank for Bharat Bill Payment System platform to deliver wide range of bill payment services from Vakrangee Kendra outlets.

Reserve Bank of India had appointed NPCI (National Payment Council of India) as nodal agency to launch Bharat Bill Payment System, to ensure nation-wide uniformity in Bill Payment domain services, standards commercials and service charges and BBPS is aimed to consolidate country-wide billers and service providers under one umbrella of technology platform.

Vakrangee shall be part of Bharat Bill Payment System's ecosystem, as National level partner, as Agent Institution (AI), to deliver nation-wide Electricity, Utility Bill Payments, DTH, Post-paid, Water Bills, Gas Bills along with Postpaid telecom bills from BSNL, MTNL, Vodafone, Airtel etc.

Vakrangee and IndusInd Bank have entered in national alliance to cater nation-wide unserved & underserved area across the Country, for rendering Bill-payment services through BBPS unified and aggregated platform and world-class Payment interface based services. IndusInd Bank shall act as Operating Unit for BBPS to channelize entire Technology interface and would offer more than 37 Biller's secured payment service through Vakrangee Kendra network.

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First Published: Oct 05 2017 | 3:57 PM IST

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