RBI that the scope of BBPS is being enhanced to include all categories of payments and collections, recurring and non-recurring, and for all categories of billers (businesses and individuals), please find below views of  Mr. Dilip Modi, Founder, Spice Money on the same -

“Since its inception, BBPS has grown exponentially with 94.97 million value of transactions in November 2022 across categories like electricity, Fastag, DTH, Loan Repayment, Mobile Postpaid, LPG gas, among others. Within all these categories, loan EMI repayment has emerged as one of the significant use cases in rural India.  BBPS's success has resulted in an ever-expanding range of services that can be paid for using the system. We are delighted to see that the Indian government has recognised the potential of BBPS and has expanded its scope to all types of payments and collections, both recurring and non-recurring, as well as all types of billers (businesses and individuals).

The new enhancements will make the platform more accessible to a wide range of customers as well as businesses. The initiative will help individuals and businesses to make a plethora of payments through BBPS in a faster and more efficient manner. Bharat Bill Payment System has become an essential part of rural economy and will continue to have a significant impact in driving last mile connectivity in the coming years.”