Building an Ecosystem of Collections Through BBPS

Digital payments in India grew phenomenally in the past decade and are expected to rise over $10 trillion by 2026. The digitization of bill payments and collections will comprise a significant part of this growth while it improves access to financial services.

Bharat Bill Payment System (BBPS) intends to use its standardized, interoperable, and secure payment solution. It, thus, remains at the core of India’s collections ecosystem and seeks to become the country’s de facto collections platform. This new white paper traces BBPS’s journey and examines its potential in the next decade.

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By Disha Bhavnani, Pramiti Lonkar , Akshat Pathak