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RBI Mandates BBPS For Credit Card Payments, 15 Banks Now Connected – News18

July 16, 2024

15 banks have activated bill payments on BBPS.

BBPS is an integrated system of bill payment, providing online bill payment service to customers.

Credit card users now have some good news. Paying credit card bills through third-party apps has become more convenient. Leading credit card providers such as HDFC Bank, ICICI Bank, and Punjab National Bank (PNB) have connected their systems with Bharat Bill Payment Systems (BBPS) to facilitate repayments via these apps. The RBI had earlier instructed that starting from July 1, all credit card payments should be processed through BBPS. However, several banks have still not enabled BBPS for credit card bill payments through third-party apps.

So far, 15 banks have activated bill payments on BBPS. These include ICICI Bank, SBI Cards, Kotak Mahindra Bank, Bank of Baroda Card, IndusInd Bank etc. A total of 34 banks are allowed to issue credit cards. The following is the list of banks live on BBPS as of July 15.

  1. ICICI Bank Credit Card
  2. AU Bank Credit Card
  3. BoB Credit Card
  4. Canara Bank Credit Card
  5. Federal Bank Credit Card
  6. HDFC Bank Credit Card
  7. IDBI Bank Credit Card
  8. IDFC Bank Credit Card
  9. Indian Bank Credit Card
  10. IndusInd Credit Card
  11. Kotak Mahindra Bank Credit Card
  12. Punjab National Bank Credit Card
  13. Saraswat Co-Operative Bank Credit Card
  14. SBI Card Credit Card
  15. Union Bank of India Credit Card

BBPS is an integrated system of bill payment, which provides online bill payment service to customers. It is an interoperable platform for bill payment. This system is managed by the National Payments Corporation of India (NPCI). It is a one-stop ecosystem for payment of all bills providing an interoperable and accessible “Anytime Anywhere” Bill payment service to all customers across India with certainty, reliability and safety of transactions. Bharat BillPay transactions can be initiated through various payment channels, including the Internet, Internet banking, mobile, mobile banking, mobile wallets, kiosks, ATMs, bank branches, agents, and business correspondents, simply by recognizing the Bharat BillPay logo.

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