India is set to expand its presence for cross-border bill payments in the UK through the Bharat Bill Payment System (BBPS) after having operationalised it in four countries in the Middle East earlier. With this, non-resident Indians there would be able to make use of the system for direct payments towards bill payments through multiple modes such as Unified Payments Interface or UPI, National Electronic Funds Transfer or NEFT, wallets, debit and credit cards.
“Our initial focus was on the Middle East countries because of the sizeable NRI population there. It (Bharat Bill Payment System) is already operational in Oman, Kuwait, UAE and Bahrain. Now, it is about to go live in the UK for cross-border bill payments. Later, we could explore other countries with a significant NRI presence such as Canada and Singapore,” Noopur Chaturvedi, Chief Executive Officer, NPCI Bharat BillPay Ltd said.
This story is subscriber only!
Now subscribe at a special Republic Day offer of Rs 75/month.
Subscribe Now
Already a subscriber? Sign in