“With consistent growth in different biller categories and to facilitate mobile prepaid customers with more options to recharge, it has been decided to permit ‘mobile prepaid recharges’ as a biller category in BBPS, on a voluntary basis,” the RBI said in a circular. There were about 1,100 million prepaid phone subscribers in India as on December 2020. This will be implemented on or before August 31, 2021, it added.
BBPS is an integrated bill payment system that offers interoperable bill payment service to customers online as well as through a network of agents on the ground. The system will provide multiple payment modes and instant confirmation of payment. BBPS functions under the aegis of the National Payments Corporation of India (NPCI). NKD HRS hrs