Bharath Bill Payment System
The current bill payment system in India offers a variety of physical and digital payment delivery channels to the public.
| EBPP | Electronic Bill Presentment and Payment |
| IPG/MPG | Integrated/multiple payment gateway |
The physical channel continues to dominate the bill payment space.
Current bill payment Market Segmentation by biller types
The bill payments landscape in the country is characterised by the presence of a large number of billers including payment-on-demand service providers or organisations who provide a variety of payment options to their customers.
Current bill payment Market Segmentation by biller types
The bill payments landscape in the country is characterised by the presence of a large number of billers including payment-on-demand service providers or organisations who provide a variety of payment options to their customers.
THE EFFICIENT, COST- EFFECTIVE ALTERNATIVE TO THE EXISTING SYSTEMS IS TO OFFER
Set common standards for bill payments
Network of agents under a single platform
Enhance consumer confidence and experience
Majority of the bill payments under ‘Existing Categories’ are presently made through cash and cheques; Major payments in cash occur at Biller’s own Collection Point (BOCP).
The percentage of online payments for biller segments mentioned in the ‘Emerging Categories’ is expected to grow in the next 3-5 years.
Current bill payment Market Segmentation by Payment Channels:
