Bharat Bill Payment System (BBPS) for Microfinance Institutions (MFIs).

Exploring business model with National Payments Corporation of India (NPCI) to bring #NBFC Microfinance Institutions (MFIs) on Bharat Bill Payment System #BBPS.

It will give #MFIs the option to get their loan repayment collection done through 38 Lakhs Offline and Online touch points of different channels through any agent institutions, COUs, CSCs, telcos etc.

Additionally it will help #rural borrowers, especially the next generation borrowers to repay their loans anytime at their convenience using any digital mode. It should work well with Individual Loans to start with.

It will also help to get a digital trail of transaction for better understanding and product design for mostly offline borrowers.

Can NPCI offer bulk #CashManagementSolution (CMS) through BBPS ?

Please share your thoughts here

#fintech #npci #BBPS, #DigitalPayment, #FinTech4Inclusion, #MicrofinanceGoingDigital #Microfinance

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.