Federal Bank Launches Facility to Enable Utility Bill Payment for NRI – Federal Bank has partnered with Bharat Bill Payment System (BBPS) to facilitate utility bill payment services for the NRI diaspora. The MoU will enable overseas remittance partners (exchange houses and banks) to pay Indian utility bills of over 20,000 billers in more than 20 categories in a cost-effective and convenient option.
Bharat Bill Payment System (BBPS)
- BBPS is a one-stop payment platform for all bills, aimed at offering an interoperable and accessible “Anytime Anywhere” bill payment service with certainty, reliability and safety of transactions.
About Federal Bank –
CEO: Shyam Srinivasan
Founder: K.P Hormis
Founded: 23 April 1931, Nedumpuram
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