For the first time, BHIM App users will be able to make prepaid mobile recharges on the BHIM App platform. Until now, BHIM App had mobile bill payment options for post-paid mobile bills.

In addition to enabling prepaid mobile recharges, BillAvenue  will undertake deep integration of BHIM (Bharat Interface for Money) as a payment option within Infibeam Avenues Ltd’s flagship payment brand- CCAvenue Payment Gateway. This integration ensures that BHIM will be prominently featured as a distinct payment method for the extensive network of merchants using the CCAvenue Payment Gateway. As a result, both BHIM users and CCAvenue merchants will benefit from the convenience of direct payments via BHIM at the CCAvenue checkout.

Mr. Vivek Patel, Chief Business Officer of BillAvenue, commented on the partnership, saying, “Collaborating with BHIM reaffirms the excellence of our Bill Payments and Prepaid Mobile Recharge services. This partnership is a major achievement for us, poised to significantly boost our transaction volumes while providing access to millions of BHIM users. Such alliances are instrumental in propelling us to new heights and maintaining our growth trajectory.”

Mr. Rahul Handa, Chief Business Officer of BHIM (NBSL), expressed his enthusiasm, emphasizing BHIM’s role in driving cashless transactions in India. With prepaid mobile recharges, we want to make it easier for users to handle their payments in one trusted place, reinforcing BHIM’s role in everyday financial activities.

Bill Avenue is the only perpetual BOU and COU license holder provided by RBI. On the basis of this license Bill Avenue onboards billers and Agent Institutions on the Bharat Bill Payments System (BBPS) platform. BillAvenue is also an NPCI empanelled Technology Service Provider (TSP) Partner for both Biller Operating Unit (BOU) and Customer Operating Unit (COU). This means that BillAvenue can now help banks, Small finance Banks (SFBs) and other certified non-Bank fintech players become a part of the BBPS ecosystem by providing their technology stack to these entities for quicker go live. BillAvenue can offer these entities on prem deployed solutions under a CapEx model as well as cloud based solutions on an OpEx model.

This partnership underscores Infibeam Avenues Ltd.’s commitment to innovation and its pivotal role in advancing India’s digital payments landscape.

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Ms. Noopur Chaturvedi, CEO, NPCI Bharat BillPay Limited (NBBL) said, “We are excited to have BillAvenue as a certified TSP partner for Bharat Connect ecosystem.  BillAvenue has had a very long and successful relationship with NPCI Bharat Bill Pay Ltd., and we are confident that this certification will enable them to leverage their experience for the benefit of newer partners.  We look forward to them playing an instrumental role in fostering the growth of ecosystem”.

Mr. Daykin Creado, CEO of BillAvenue, expressed his enthusiasm for this achievement, said, “Securing the official NBBL TSP certification for both COU and BOU is a testament to the robustness and enterprise-grade quality of our technology stack. This is a pivotal moment for us, and we believe it will propel BillAvenue to the forefront of the BBPS (now known as Bharat Connect) ecosystem. As a neutral facilitator, we are uniquely positioned to attract major billers and customer-facing apps to partner with us. With confidence in our capabilities, we are poised to reach new heights and sustain our upward growth trajectory.”

BillAvenue is now an NBBL certified Technology Service Provider (TSP) Partner for both Biller Operating Unit (BOU) and Customer Operating Unit (COU). This allows BillAvenue to help banks, Small finance Banks (SFBs) and other certified fintech players become a part of the Bharat Bill Payment System (BBPS) (now known as Bharat Connect) ecosystem by providing the technology stack to these entities for quicker go live. BillAvenue can offer these entities on prem deployed solutions under a CapEx model as well as cloud based solutions on an OpEx model. Additionally NBBL TSP certification accelerates the go to market time for OU license holders, lowering operational costs and opening new business opportunities for BillAvenue.

“Infibeam Avenues Limited is proud to be the only non-bank entity granted a perpetual Operating Unit (OU) license by the RBI. Coupled with our superior technological capabilities and extensive experience in the BBPS ecosystem, we are the partner of choice for any bank or non-bank Operating Unit License holder looking to offer the convenience of BBPS to their customers. With NBBL’s continuous innovation and upcoming use cases like NetBanking and B2B payments, we anticipate significant growth in the BBPS space. The NBBL TSP certification positions us perfectly to capitalize on this tremendous opportunity, and we are excited about the future,” adds Ms. Anushka Patel, COO of BillAvenue.

This will enable BillAvenue to bring onboard more participants to the BBPS ecosystem and expand the scope, reach and acceptability of BBPS as a preferred mode of bill payments. This milestone underscores BillAvenue’s commitment to innovation and excellence in India’s digital payments landscape.

The post BillAvenue Achieves Milestone, NBBL recognises BillAvenue as a -Certified TSP Partner. appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.