HDFC Bank, KMB go live with Bharat Bill Payment System
Private sector lenders HDFC Bank and Kotak Mahindra Bank are live with the Bharat Bill Payment System (BBPS) that is aimed at easing utility and other repetitive(दोहराव) bill payments for consumers. The BBPS is a centralised system created by the National Payments Corporation, involving banks and non-banks and allows agents to access(पहुंच) bill payments services in an interoperable manner, HDFC
Bank stated.
A customer can pay multiple bills from a single platform without the hassle (परेशानी) of visiting multiple websites or issuing individual cheques, or also registering billers with her bank for standard instructions for debit.
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