NPCI Bharat Billpay launches UPMS for recurring bill payments

Daily Current Affairs / NPCI Bharat Billpay launches UPMS for recurring bill payments

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Category : Business and economics Published on: January 08 2022

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NPCI Bharat BillPay (NBBL), the wholly-owned subsidiary of National Payments Corporation of India (NPCI), has introduced the ‘Unified Presentment Management System’ (UPMS) for recurring bill payments.
The bills will be automatically fetched from the billers and presented to customers for their action, in terms of auto-debit and bill payment management.
With the UPMS launch, the intent is to enable all the Bharat BillPay Operating Units (BBPOU) to extend this facility to their customers/corporate clients with minimal effort through the centralised infrastructure and application support provided by Bharat BillPay Central Unit (BBPCU).