PhonePe and NPCI Bharat BillPay Ltd. partner to launch ClickPay for easy bill payments

National, October 12th, 2021: PhonePe, India’s leading digital payments platform, announced the launch of ClickPay for its customers in association with NPCI Bharat BillPay Ltd.(NBBL). ClickPay is a unique payment link that enables customers to make recurring online bill payments (electricity, water, gas, loan, etc) and removes the need to remember tedious account details associated with each biller/service. This link sent by the biller will lead the customer directly to the payment page fetching the bill amount instantly.

PhonePe is one of the first payment platforms to enable support for ClickPay, and it benefits the customers by removing the hassle of remembering the unique identifiers/details associated with making bill payments – they can simply pay by clicking on the ClickPay link sent by their biller, making it only a two-step process. This launch will help in increasing the share of digital transactions in the ecosystem by reducing the errors induced by manual inputs required for bill payments.

Speaking on the launch, Ankit Gaur, Director, Online Merchants at PhonePe, said “We are very excited to partner with NPCI Bharat BillPay Ltd. on the launch of ClickPay. This will bring a large number of potential customers from the offline realm to pay their bills online. We believe that this will further the adoption of digital payments by making the discovery of billers and bill payments convenient for consumers.”

Rahul Tandon, Head Product & Market Development, NPCI Bharat BillPay Ltd., said “ClickPay is a step to empower the customer, wherein with ease, payment can be effected sans the tedium of manual inputs and errors.  We are happy to launch the ClickPay facility with PhonePe and extend robust facilitation to a huge customer base. ClickPay will assure faster payments and help with furthering of digital transactions in the payments service space.”

About PhonePe

PhonePe is India’s leading digital payments platform with over 300 million registered users. Using PhonePe, users can send and receive money, recharge mobile, DTH, data cards, pay at stores, make utility payments, buy gold and make investments. PhonePe forayed into financial services in 2017 with the launch of Gold providing users with a safe and convenient option to buy 24-karat gold securely on its platform. PhonePe has since launched several Mutual Funds and Insurance products like tax-saving funds, liquid funds, international travel insurance, life insurance, and insurance for the COVID-19 pandemic among others. PhonePe is also accepted at 20+ million merchant outlets across India.

About NPCI Bharat Billpay Ltd.

NPCI Bharat BillPay Ltd. is a wholly-owned subsidiary of National Payments Corporation of India. Came into effect from April 1, 2021, NBBL is growing rapidly on account of the ease and accessibility it offers to the customers and the one-stop solution to Billers for low-cost collections. The platform offers 20,000+ billers across multiple bank and non-bank channels.

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