NPCI-BBPS (Bharat Bill Payment Service) adds LPG Domestic Gas Payments to its fold

My Blog Post @ https://innovationinbanking.blogspot.com/2020/04/npci-bbps-bharat-bill-payment-service.html

NPCI-BBPS (Bharat Bill Payment Service) adds LPG Domestic Gas Payments to its fold

Quote:

“We are happy to introduce Bharat LPG Gas booking on BBPS for the first time in third party aggregation”, said AR Ramesh, Chief, BBPS. “LPG Gas booking is an underserved market as far as digital payments are concerned. Bharat BillPay will give a strong digital push for booking LPG gas at one’s own convenience by any Bharat BillPay enabled bank or non-bank channels,” he added.

Unquote:

Once the gas cylinder is booked, payment can be made via the Online Mode or the Offline Mode.

Online Mode payment can be made via

“Quickpay” Option _ @my.ebharatgas.com/bharatgas/QuickBook/

“Make Payment” Option to Pay for Your bill _ @ my.ebharatgas.com/bharatgas/LPGServices/ApplyNewConnection

Payment through Mobile App _ @ Play Store and search for “Bharatgas”

Payment through Paytm _ @Paytm Website or Mobile App

Payment through MY LPG.in _ @ mylpg.in Payment through credit card can be made at mylpg.in

Offline via Hard Cash to the delivery boy

New Payment Option — And, the latest Payment Option for LPG customers is BBPS.

The integration is in process and will soon be made live for IOCL customers to book LPG Gas Cylinder across India.

Earlier, BillAvenue onboarded Hindustan Petroleum Corporation limited as a first biller to go live under the new LPG category followed by Bharat Petroleum Corporation Limited, as stated in a recent press release from the Infibeam Avenues.

The inclusion of IOCL, BPCL, and HPCL in the rapidly growing biller network of Bharat BillPay will enable their consumers to make seamless bookings and payments for LPG cylinders through multiple online channels and offline customer touchpoints.

Payments on the BBPS channel can be made via Offline Mode and Online Mode.

Under Offline mode, BBPS Agents Points and selected bank branches accept the payment.

Under Online mode, Net Banking/BBPS Link on Bank websites / UPI Apps accept the payment.

Please note that this is the first BBPS integration under the third-party aggregation model. Till now there was STP (Straight Through Process) through the Biller and BBPS. Third-party integration is a new model and LPG companies are the first beneficiaries of this model.

Third-party aggregation model may be rolled out to other billers in the near future. This depends on the success of the initial tie-up.

The success will be known only when BBPS publishes the Biller wise transactions on its website. As of now, only the monthly volumes are available in the public domain. This does not assist for further analysis and focussed approach to increase BBPS volumes.

Benefits of payment for domestic gas payments via BBPS

Benefit 01) Gas booking can be done by registered subscribers and payment can be done later by a 3rd party.

Benefit 02) No chance of fraudulent payments, as the payment is made on FETCH mode

Benefit 03) In case of failed payments, Query can be raised within the respective BBPS Payment APP