NPCI Bharat Billpay launches UPMS for recurring bill payments

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).
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