Mswipe, a fintech company announced that it will participate as an operating unit for the Bharat Bill Payment System (BBPS) of the NPCI Bharat BillPay Limited (NBBL) platform.
BBPS acts as a single connection point between customers and billers, providing an efficient and reliable bill presentation & payment, and grievance management system. To date, BBPS permits utility payments by consumers. This new platform enables businesses to present invoices and collect payments directly from other businesses via their ERPs or Mswipe’s BBPS platform.
“We are thrilled to bring the Bharat BillPay system, a NBBL product, to merchants across the country. This integration is a significant step towards simplifying financial operations for small and medium businesses, giving them the tools they need to manage their receivables and payables more effectively. This development underscores Mswipe’s commitment to providing cutting-edge financial solutions tailored to the needs of Indian merchants,” said Ketan Patel, Co-founder and CEO of Mswipe.