What is BBPS?
Bharat Bill Payment System is a payment ecosystem on which different categories of billers can register on, with bill payments enabled for utility bills, loan EMIs, school fees, subscriptions and more.
BBPS is run by NPCI that enables bill payments via digital (bank channels) as well as through a network of agents & bank branches
What is NPCI?
National Payments Corporation of India maintains the BBPS payments system. It undertakes clearing and settlement activities for transactions routed through BBPS.
NPCI is also responsible for setting business standards, rules and procedures for technical and business requirements for all market participants. It is the regulatory body for BOUs, who are entities allowed to on-board billers onto BBPS.
What is BOU and COU?
BOUs or Biller Operating Units and COUs or Customer Operating Units are licensed entities (usually banks) ) who can offer BBPS services to other businesses. Setu works with BOUs and COUs to offer corresponding integrations.
BOUs serve billers, i.e entities that generates bills for goods or services and want to collect payments. Setu’s BOU integration helps billers list on BBPS to enable collections via BBPS apps or offline points.
COUs serve customer-facing platforms, i.e entities that offer various products to any end-user. Setu’s COU integration helps such platforms become a collection agent for BBPS and add a feature to let their users pay any BBPS biller.
What role does Setu play?
Setu acts as a bridge between BOU/COU banks and other businesses (billers or customer-facing platforms), offering simplified integration and compliance. We also offer additional services like data reports, notifications and settlements for any bill payments.