NPCI Bharat BillPay Limited (NBBL) rolls out Banking Connect platform

Key facts

• NPCI Bharat BillPay Limited (NBBL) introduced Banking Connect, an interoperable platform aimed at simplifying internet and mobile banking.
• The new system is designed to reduce the complexity of current net banking processes, which often require multiple integrations, varied customer credentials, and non-standard settlement flows.
• Banking Connect offers interoperable workflows, a uniform interface, mobile-first design, and support for biometric authentication.
• The platform removes transaction caps and introduces standardised APIs to reduce delays, redirections and timeout errors.
• It supports low-code or no-code integration for merchants, enabling quicker adoption and improved success rates.
• Banking Connect is live with HDFC Bank, ICICI Bank, State Bank of India, YES Bank, AU Small Finance Bank and Federal Bank.
• Payment aggregators such as Infibeam, PayU, Pinelabs, Cashfree, Razorpay, HDFC Bank Smart Gateway, Zoho, Easebuzz, Juspay, OPEN and SBI ePay have integrated with the platform.
• NBBL, a wholly owned subsidiary of NPCI, operates digital payment and collection systems, including the Bharat BillPay ecosystem and B2B solutions for collections and reconciliation.
• NBBL also serves as the designated settlement agency for the Open Network for Digital Commerce (ONDC).