NPCI launches Bharat BillPay for B2B category and delegates payment service feature

NPCI Bharat BillPay Ltd. (NBBL), a wholly-owned subsidiary of National Payments Corporation of India (NPCI) has launched Bharat BillPay services for businesses.

Bharat Bill Pay for Business will give power to two businesses to deal with each other. 

How will Bharat BillPay work? 

1) Every business will have a B2B ID.
2) This B2B ID will contain important details of the business. 
3) You need to enter your ID in any accounting platform like Zoho 
4) All the details of that business will be fetched through which one business will be able to send the bill to another business which will accept or pay the bill. 
5) This service will eliminate the headache of invoice reconciliation. 
6) It will be completely secured as well.

NPCI has also introduced a delegate payment service. You can add your loved ones to the UPI circle. There will be full or partial delegation in this.

Under this new feature, the secondary user will not need the authorisation of the primary user.  In partial delegation, the primary user will have to enter his PIN for the transaction of the secondary user.

Bharat BillPay offers recurring payment services to customers across several segments. The platform offers over 20,000 billers across multiple banks and non-bank channels and has 900+ Agent Institutions live on the platform.

NPCI was incorporated in 2008 as an umbrella organisation for operating retail payments and settlement systems in India. NPCI has created a strong payment and settlement infrastructure in the country. It has changed the way payments are made in India through a bouquet of retail payment products such as RuPay card, Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), BHIM Aadhaar, National Electronic Toll Collection (NETC) and Bharat BillPay.