Compared to August 2023, Bharat Connect has more than doubled the number of transactions, with a 250+% year-on-year increase in transaction value.

Bharat Connect offers an interoperable platform for consumers to make both recurring and non-recurring payments, including electricity bills, credit card payments, loan EMI repayments, and more.

Last week, at the Global Fintech Festival 2024, Reserve Bank of India (RBI) Governor, Shri Shaktikanta Das, announced the expansion of Bharat Connect services through ‘Bharat Connect for Business’ to cater to business enablement platforms, streamlining B2B payments and collections. Furthermore, the new identity of Bharat BillPay, “Bharat Connect,” was officially announced at GFF’24 by Shri Vivek Deep, Executive Director of Reserve Bank of India (RBI), that encapsulates platform’s comprehensive role and capabilities.

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