back Back

CRED on-boards on Bharat BillPay ecosystem as a key Agent Institution

By Leandra Monteiro

June 10, 2022

  • Agent Institution
  • Bill Payment
  • Cred
Share

NPCI Bharat BillPay, CRED NPCI Bharat BillPay Ltd., the wholly-owned subsidiary of National Payments Corporation of India announces the on-boarding of CRED as a key Agent Institution (AI) for providing easy bill payment solutions to its members.

Agent institutions are the entities that wish to offer or those who are currently offering bill payment, collection, and aggregation services to their customers via physical or digital channels.

With this collaboration, CRED members will be able to conveniently make recurring payments across several segments like electricity, telecom, DTH, Gas, Education fees, water, and municipal taxes, NETC FASTag recharge, loan repayments, Insurance, Cable, Subscription fees, Mobile prepaid recharges, and others by logging into its app. They will also be able to see updated transaction history, set transaction alerts & reminders, and raise/track complaints online for Bharat BillPay transactions using their app.

“Creating a rewarding and seamless transaction experience remains our focus at CRED. BBPS integration will help enhance member experience for recurring payments like electricity, FASTags, education fee, rentpay amongst others,” said Akshay Aedula, Lead – Financial Services, CRED.

Rahul Tandon, Head Product Development, NPCI Bharat BillPay Ltd. said, “CRED has managed excellent growth as a credit card bill payment platform and we are pleased to onboard them as an Agent Institution. This will make it easier for CRED members to pay bills via our platform, which provides a one-stop destination for all recurring bills through a simplified bill presentment and bill payments interface. We look forward to continuing on-boarding varied ecosystem partners to offer an extra layer of comfort and convenience to citizens of India for their recurring payments under the BBPS scheme.”

Previous Article

June 10, 2022

Middesk raises $57m Series B

Read More
Next Article

June 10, 2022

Coastal Community Bank joins newly launched BaaS Association

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

Agent Institution

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Ebury and Nium team to offer cross-border payments in Brazil

Read More

Today

MultiPay teams up with Acquired.com to launch Pay By Bank

Read More

Today

UNIPaaS unveils AI payment assistant solution for SaaS platforms

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023