NPCI (National Payments Corporation of India) Bharat BillPay launched a Unified Presentment Management System (UPMS), which enables 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 presented to the customers to take actions in terms of auto-debit and bill payment management.

Noopur Chaturvedi, CEO, NPCI Bharat BillPay says, “for Billers, UPMS eases the operational management of collections while reducing the infrastructure overheads on their systems that come during Billing cycles. We truly believe that with the support of the ecosystem partners, this functionality will provide superior bill payments experience to millions of customers and service providers.”

NBBL says, “the launch of UPMS is to enable all the Bharat BillPay Operating Units to make the facility available to their customers through the centralized infrastructure and application support provided by Bharat BillPay Central Unit (BBPCU). UPMS will help in democratizing recurring bill payments and making them further convenient for customers.”

Vivek Gupta, President and Head – Wholesale Banking Products, Axis Bank says, “UPMS is a giant leap for the BBPS ecosystem. It will enable a common repository of bills and this will ensure the entire bill payment ecosystem gets updated in real-time. Customers now need not worry about making double payments due to delays in payment confirmation or getting erroneous payment-due reminders. BBPS is one of the key initiatives for Axis Bank and we look forward to working with NPCI on this journey."

Ankit Gaur, Director- Business, PhonePe says, “UPMS will enhance the efficiency of the current bill payment system by increasing the reliability of the cycle in which the bill is made available to the customers for payment, while also giving them the flexibility to make one time payments or set mandates for recurring payments.”