Bharat Bill Payment System
Spice Digital has always endeavored to bring technology to the masses. We at Spice believe that technology is essential for progress and it should not be restricted to the privileged strata of the society. Spice as one of the authorized Bharat Bill Payment Operating Unit, is a functional example of the belief.
The National Payment Corporation of India (NPCI) has developed an integrated Bharat Bill Payments System to provide an ease of ‘anytime anywhere’ payment of all kinds of bills to customers. This will cover mobile postpaid, water, electricity, DTH, landline, gas and broadband.
BBPS is a RBI mandated system which offers integrated and interoperable bill payment services to customers across geographies with certainty, reliability and safety of transactions. Spice Digital is one of the first Operating Unit to commence BBPS operations.
The service targets agents who can subscribe to provide BBPS to the customers. Once an interested merchant registers as a spice money agent, they will be eligible to provide financial services. Anyone can walk up to a Spice Money agent to pay utility bills. The payment to the Spice Money agent can then be made via cash, card or even through AEPS.
Spice Digital has in-principle approval from the Reserve Bank of India (RBI) to operate a semi-closed digital wallet under the Bharat Bill Payment System (BBPS). Spice Digital is one of the elite entities chosen to set up a Bharat Bill Payment Operating Unit (BBPOU). Each and every process that Spice Money follows is at par with the government directives. Every transaction is absolutely secure and safe.