Bharat BillPay launches UPMS to simplify recurring bill payments – NPCI Bharat BillPay has launched a Unified Presentment Management System (UPMS) in order to enable users to set up standing instructions on their recurring bill payments across all channels and modes of digital payments.
- Under UPMS, bills will be automatically fetched from the billers and will be displayed to customers to take action in terms of auto-debit and bill payment management.
Unified Presentment Management System (UPMS)
- UPMS will help in democratizing recurring bill payments and making them further convenient for customers.
- It will also enable all the Bharat BillPay Operating Units to make this facility available to their customers.
- It aims to enable a common repository of bills and will ensure the entire bill payment ecosystem gets updated in real-time.
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