Mobile prepaid recharge facility on BBPS by August-end: RBI

MUMBAI: The Reserve Bank of India (RBI) on Monday said the scope of Bharat Bill Payment System (BBPS) will be expanded by August 31 this year by adding ‘mobile prepaid recharges’ as a biller category, a move likely to help millions of prepaid phone subscribers in the country.

In September 2019, the scope and coverage of BBPS were expanded to include all categories of billers which raise recurring bills (except mobile prepaid recharges) as eligible participants, on a voluntary basis. Before that, the facility of payment of recurring bills through BBPS was available only in five segments — direct to home (DTH), electricity, gas, telecom and water.