NPCI Bharat BillPay Ltd. (NBBL), the wholly-owned subsidiary of the National Payments Corporation of India (NPCI), in a press note, announced on Tuesday that it has on-boarded SBI Card, under the credit card category of Bharat BillPay.
The development aims to simplify the way customers manage their credit card bill payments by providing them better convenience and accessibility.
The other major credit card issuers under this category are Kotak Mahindra Bank, BoB Financial, Federal Bank, AU Small Finance Bank, IndusInd Bank, and Canara Bank.
SBI Card is one of the emerging and largest credit card issuers in the country, boasting a customer base of around 1.68 crore. By leveraging Bharat BillPay, SBI Card customers would be able to manage their credit card bill payments efficiently across all Bharat BillPay supported payment channels.
Bharat BillPay and SBI Card customers can access the facility online through bank or payment apps or via the network of Bharat BillPay enabled physical outlets.
The partnership’s objective is to allow consumers to leverage the comprehensive range of payment modes offered by Bharat BillPay, establishing hassle-free and secure transactions. Moreover, the settlement system of Bharat BillPay provides an added layer of assurance, providing a seamless and reliable payment experience for users.
Speaking on the development, Noopur Chaturvedi, CEO, of NPCI Bharat BillPay Ltd. said, “At Bharat BillPay, our dedication remains resolute – we aim to reshape convenience, ensuring bill payments are effortlessly accessible to all. Through strategic partnerships with major players in the credit card ecosystem, we’re setting unprecedented standards for accessibility, convenience, and reliability.”
Emphasising on the plans, she said, “SBI Card repayment on Bharat BillPay marks a significant milestone in digital payment solutions, steering us towards a future that is more connected and prosperous for everyone.”
Abhijit Chakravorty, MD & CEO of SBI Card said, “At SBI Card, we are committed to making life simple for our customers. This integration is one such effort in this direction as we deliver them greater convenience and flexibility, leading to a seamless experience.”
National Payments Corporation of India (NPCI) was incorporated in 2008 as an umbrella organisation for operating retail payments and settlement systems in India. Creating a robust payment and settlement infrastructure in the country it has helped change the way payments are made in India through a bouquet of retail payment products such as RuPay card, Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), BHIM Aadhaar, National Electronic Toll Collection (NETC) and Bharat BillPay.
NPCI is focused on bringing innovations in the retail payment systems through the use of technology and is relentlessly working to transform India into a digital economy. It is facilitating secure payments solutions with nationwide accessibility at minimal cost in furtherance of India’s aspiration to be a fully digital society.
NPCI incorporated Bharat BillPay in December 2020, which is accountable for driving the RBI-conceptualised Bharat Bill Payment System (BBPS). Bharat BillPay is a one-stop ecosystem for payment of all bills providing an interoperable and accessible “Anytime Anywhere” Bill payment service to customers across India with certainty, reliability, and safety of transactions.
