Common service centers to work as payment gateway

Villagers can now pay their utility bills through common payment gateway

GN Bureau | June 16, 2016


#RBI   #common service center   #payment gateway   #NPCI   #BBPS  

 The Reserve Bank of India (RBI) has granted in-principle license to common service centers (CSCs), operating across rural India, to operate as Bharat Bill Payment System Operating Units (BBPOUs) under the Bharat Bill Payment System (BBPS), an authorised payment system by National Payment Corporation of India (NPCI), said union telecom minister Ravi Shankar Prasad on Wednesday.

BBPS will work as an integrated bill payment system, offering inter-operable and accessible bill payment services to customers through a network of agents, enabling multiple payment modes, and providing instant confirmation of receipt of payment.
 
The license would allow more than 1.6 lakh CSCs, government service delivery points, to become a common payment gateway where villagers can pay their utility bills including electricity, water and phone. Payment mode varies from cash to electronic system like net banking, debit or credit card.
 
CSCs, a part of Digital India mission, are being operated by village-level-entrepreneurs (VLEs). At present, they offer government-to-citizen services to villagers digitally, including PAN card services, Aadhaar services and election services, and also offer mobile recharging facilities.
These centres also work as an information point where villagers can visit and know about government schemes available on internet.
There are total 1, 66, 671 functional CSCs across India, as of May 2016.
 
The minister said that facility at BBPOUs can be extended for collection of university fee, mutual funds, and insurance premium. The license may take three months to become operational as it requires integration with NPCI, a press release from government stated. 
In October 2015, RBI invited applications from entities operating in payment of bills and desirous of operating as Bharat Bill Payment System Operating Units (BBPOUs) under the Bharat Bill Payment System.
 

Comments

 

Other News

Trump’s China setback pushes US to woo India

A week after Donald Trump’s visit to China – the first by an American president in nine years, US secretary of state Marco Rubio arrived in India on May 23 on a four-day visit aimed at resetting Washington DC’s relations with New Delhi and attending the third Quad ministerial meeting.

EU–India FTA 2026: A high‑stakes prescription for Indian pharma and healthcare

India’s pharmaceutical industry stands as one of the world’s market leaders of generic pharmacy with market valuation of USD 50 billion in 2026. Characterised by high volume, low-cost generic manufacturing, with an annual growth rate of 10-12% primarily propelled by exports and domestic demand,

Legends, vignettes and tales from the freedom movement

Robin Hood of Kathiawar and Other Extraordinary Stories from India’s Freedom Movement By The Paperclip  HarperCollins, 348 pages, Rs 499  

Solicitor General Tushar Mehta tells quirky tales from the world of law

The Lawful and the Awful: Quirky Tales from the World of Law By Tushar Mehta Rupa Publications, 336 pages, Rs 995  

Cabinet meet discussed `Ease of Living`, `Ease of Doing Business`

The Council of Ministers has deliberated upon valuable perspectives and best practices relating to boosting ‘Ease of Living’ and ‘Ease of Doing Business’, prime minister Narendra Modi said on Friday.   As he shared details of the Council meeting held the d

India should deepen energy partnerships with Africa

The vulnerability of Strait of Hormuz continues to influence energy politics globally. India is highly dependent on imported crude oil as a significant portion of its oil imports still come from the Gulf ultimately making such disruptions particularly consequential and has immediate economic ramifications


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter