New Delhi: NPCI Bharat BillPay, a wholly owned subsidiary of National Payments Corporation of India (NPCI), on Thursday announced that it has incorporated CRED as a premier Agent Institution (AI) to provide bill payment solutions to CRED users. has done. AIs are entities that offer or want to offer bill payment, collection and aggregation services to their customers through physical or digital channels.
With this collaboration, CRED users can make recurring payments on utility bills including electricity, telecom, DTH, water and gas, education fee, municipal tax, NETC FASTag recharge, loan EMI, insurance premium, subscription fee and mobile prepaid recharge. By logging into the CRED app. Apart from making payments, they will also be able to check transaction history, set transaction alerts and reminders, and raise or track complaints for Bharat BillPay transactions using the app.
“As an agent institution, CRED will create member touchpoints, provide member support (registration, Quickpay, complaint resolution), instant confirmation, awareness (payments and fees), BBPS brand visibility, etc.,” CRED said in its official statement. .
“CRED has managed excellent growth as a credit card bill payment platform and we are pleased to have them as an agent institution. This will make it easier for CRED members to pay bills through our platform, which Provides a one-stop destination for all recurring bills through a simple bill presentation and bill payment interface,” said Rahul Tandon, Head-Product Development, NPCI Bharat BillPay Ltd. “We offer to citizens of India under the BBPS scheme We look forward to continuing on-boarding of various ecosystem partners to offer an added layer of comfort and convenience to their recurring payments.”
“Creating a rewarding and seamless transaction experience is our focus at CRED. The BBPS integration will help enhance the member experience for recurring payments like electricity, FASTag, education fee, rent payment.”