Finance

Credit Card Repayments via Third-Party Apps Continue Uninterrupted for BBPS Platform Users

Published July 1, 2024

Customers of banks that are participants in the Bharat Bill Payment System (BBPS) have something to smile about. Despite the evolving digital payment landscape, they retain the liberty to use various third-party applications when making credit card payments. This aspect of consumer flexibility is integral in a world where convenience and choice are at a premium.

The Role of BBPS in Facilitating Payments

The BBPS, a comprehensive bill payment system, allows users to settle a variety of invoices from utilities to credit cards across different service providers. It has established a framework where customers have the freedom to choose the payment service that best fits their needs, fostering a competitive landscape that benefits end-users through improved services and options.

Major Banks on the BBPS Platform

Two notable banking institutions, ICICI Bank Limited IBN and HDFC Bank Limited HDB, offer their customers this valued flexibility. IBN, with its headquarters in Mumbai, India, serves a diverse customer base across India and abroad, providing an array of financial services and banking products. Similarly, HDB, also based in Mumbai, caters to a broad client base with its extensive suite of financial services, operating not only in India but also reaching into international markets such as Bahrain, Hong Kong, and Dubai.

Through participation in the BBPS, both IBN and HDB are reinforcing their commitment to customer convenience and choice, thereby facilitating an efficient payment ecosystem where clients are empowered to manage their financial transactions seamlessly using their preferred third-party applications.

creditcard, payments, apps