Bharat Bill Payment System (BBPS) is an integrated bill payment system in India that offers customers an interoperable bill payment service that can be accessed through a network of member agents registered as Agents Institutions (AI)[1], which allows multiple payment methods and allows immediate confirmation of payment. [2] As a BBPOU, the company will register different agent institutions. Agent institutions must have agreements with different agents, as defined in the procedural guidelines, according to which agent agencies must onboard agents and/or set up customer services in different regions and locations. These delegates are the customer contact points and service points available in the form of branches, collection points and points of sale. Agents accept payment of invoices by different methods. Agents can be embarked either directly by BBPOU or by agent institutions to offer BBP services. Agents carried by agents are also called sub-agents. The accountant and the entity enter into a final agreement on the procedures and roles of the accountant and the entity. The accounting officer shall appoint the entity on a non-exclusive basis with the provision of recovery services for payments made by the accounting officer`s customers against the accounting officer`s electricity bills.

As BBPOU, the entity provides comprehensive payment facilities that allow the accountant`s clients or other parties to make payments to the debtor through different payment methods (payment methods), as set out below: Scope: This section regulates the terms of use of Infibeam Avenues Limited`s Bill Presentment Service (“BillAvenue”). As previously reported, the Reserve Bank of India (RBI) has imposed the implementation of Bharat BillPay (BBP) as an integrated bill payment system in the country, offering interoperable and accessible bill payment services with a unique brand image through a network of agents, as well as digital and online channels, allowing customers and the public to benefit from the ease of paying bills “anytime and anywhere”. The BBPOU and the agent institution set up a separate legal agreement. This Agreement refers to the roles and obligations of agents, such as. B the execution of customer bill payment transactions, the appointment of agents, the regulation and compliance with the requirements and obligations of BBP managed by NPCI. The institution of agent represents that the institution of agent is, from any point of view, entitled to become an institution of agent within the framework of the BBPOU. The institution of the staff member shall comply with the rules of procedure. All terms defined or not defined in these terms have the meanings set out in the guidelines and standards of procedure established by BBPCU, as amended from time to time, for the provision of services under BBP.

NPCI was required by the Reserve Bank of India to operate Bharat BillPay as the Bharat BillPay Central Unit (BBPCU), to define the necessary operational, technical and business standards for all BBP and its participants, as well as to carry out clearing and settlement operations in connection with transactions involving different BBPOUs involved in bill payment transactions. Bharat BillPay Operating Units (BBPOUs) are authorized by the RBI to act as business units under BBP to operate in accordance with the procedural policies, standards, circulars and notifications established by BBPCU. BBPOUs are allowed to process both ON-US invoices, i.e. invoices for which the relative accountant and payment collection agent, point of sale or channel belong to the same BBPOU, as well as OFF-US invoices, i.e. invoices for which the relative accountant and the payment collection agent or point of sale or channel belong to separate BBPOUs…