NEWS: CONSOLIDATED Q2 RESULTS FOR FY24-25: IAL’S NET REVENUE UP 24% YOY TO RS 1,343 MILLION, PAT UP BY 43% AT RS 550 MILLION, EBITDA UP BY 26% AT RS 854 MILLION.

HOW WE MAKE YOUR BUSINESS STAND OUT?

Easy, reliable and secure way to accept and process all bill payments across India

One stop solution to accept and process all bill payment across India

BillAvenue is a unified interoperable online bill payments platform built on the Bharat BillPay (BBP) infrastructure developed by the National Payments Corporation of India (NPCI). It offers an ‘Anytime, Anywhere’ bill payment facility to customers across India through a network of agents via multiple payment modes with instant confirmation of payment receipts.

OUR STRENGTHS AND VALUE PROPOSITION FOR ENTERPRISE CLIENTS

Inter-operability

Facilitates interoperability among participants in the Bharat BillPay network. Consumers can make bill payments of any biller at a single touch point via multiple modes.

Integration

Connects to NPCI to get access to all the billers. Utility companies and agent institutions simply need to connect to BillAvenue to enable all customers to pay bills.

Accessibility

Enables seamless payment of bills through any online or offline channels such as Internet, Internet Banking, Mobile, Mobile Banking, POS, MPOS, KIOSK, ATM, Bank Branch, Business Correspondents and Agents.

Multiple Payment Modes

Supports all possible modes of payments such as Cash, Credit Cards, Debit Cards, Internet Banking, Mobile Payments, Prepaid Cards, Digital Wallets & UPI.

Adherence to Standards

Observes standardized processes and security guidelines for on-us and off-us bill collections issued by NPCI across the entire Bharat BillPay ecosystem.

Instant Confirmation

Furnishes instant payment confirmation receipt in the form of SMS / email / print out as desired by the customer.

KEY PARTICIPANTS

Bharat Bill Payment Central Unit (BBPCU)

National Payments Corporation of India (NPCI) has been authorized as the BBPCU by Reserve Bank of India (RBI). It sets business, technical and security standards and procedures for all participants in the Bharat BillPay system. The BBPCU also undertakes clearing and settlement activities.

Bharat Bill Payment Operating Unit (BBPOU)

BillAvenue has been authorized by RBI to function as a BBPOU and operate as a Biller Operating Unit (BOU) as well as a Customer Operating Unit (COU). As a BOU, BillAvenue offers Billers access to the entire universe of consumers and as a COU, it on-boards Agent Institutions to offer maximum customer touch points for bill payments. BillAvenue enables seamless bill payments through multiple online and offline channels and supports all possible modes of payments.

Billers

Service providers who collect payments from customers for services rendered through the BBPOU.

Agent Institutions

Entities who wish to offer or are currently in bill payment, collection and aggregation business can operate as an Agent Institution under a COU on receiving authorization from RBI. They may further on-board agents and / or set up customer service points in various regions and locations.

Interested in Becoming an Agent Institution with US?
Interested in Becoming a Biller with US?
Know more

THE BILLAVENUE EDGE

An efficient and cost-effective payment collection method for billers

Provides instant payment receipts

Provides opportunity to earn on every transaction completed through BillAvenue’s nation-wide agents and billers

Guaranteed settlement cycles

Large offline presence across India with superior customer services and support

Single and simple integration

AGENT INSTITUTIONS

KEY BILLERS