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India’s first cryptocurrency index IC15 launched
January 05, 2022
NPCI Bharat BillPay Ltd. (NBBL), the completely owned subsidiary of National Payments Corporation of India, has presented a unique functionality called ‘Unified Presentment Management System’ (UPMS).
NBBL through UPMS will enable the clients to set up standing guidelines from any channel and for any mode on their repetitive bill payments. The bills will be naturally brought from the billers and introduced to clients for their activity, as far as auto-charge and bill payments the executives, NBBL said in a statement on Tuesday.
“With the UPMS send off, the aim is to enable every one of the Bharat BillPay Operating Units (BBPOU) to stretch out this office to their clients/corporate customers with negligible exertion through the incorporated foundation and application support given by Bharat BillPay Central Unit (BBPCU). UPMS will help in democratizing recurring bill payments and making them further convenient for clients,” it said.
UPMS gives a chance to the specialist co-ops and fintechs of the digital payments ecosystem to go through this inventive component in the sandbox climate of BBPS. A few Operating Units (OUs) and Technical Service Providers (TSPs) are effectively approaching in the rapid deployment of UPMS, it added.
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