The Bharat Bill Payment System (BBPS) is being launched to help people across India to pay their bills easily on one web portal. This is being done to push for more of digital payments and move towards a cashless economy. The main focus of this website is to help rural India clear their utility bills at one go as they have been hit hard since the demonetization of Rs 500 and Rs 1,000.
The demonetization has resulted in a huge surge in electronic payments through debit/ credit cards, net banking, online transfers and mobile wallets. The Narendra Modi government is trying to capitalize on this and wants to move Bharat towards a cashless digital economy. A pilot was conducted in the month of August, way before demonetization happened in November, to see if this experiment can work and help the citizens. The pilot was conducted by the National Payments Corporation of India (NPCI). The BBPS website will be hosted by the Common Service Centre (CSC).
The BBPS will allow people to make bill payments for various utilities like gas, telephone, water, electricity, DTH (direct to home) TV, etc. The NCPI wants to collect more than 70% of the bill payments of these utilities from the top 20 cities digitally. The amount that they are targeting is Rs Rs 6,223 billion.
CSC is believed to be ready to roll the website out, but it cannot do so until an audit by the NCPI is complete. Hence, citizens can expect to get use this website by next month.