Building an ecosystem of collections through BBPS

Digital payments in India grew phenomenally in the past decade and are expected to rise over USD 10 trillion by 2026. The digitization of bill payments and collections will comprise a significant part of this growth while it improves access to financial services.
BBPS intends to use its standardized, interoperable, and secure payment solution. It, thus, remains at the core of India’s collections ecosystem. It seeks to become the country’s de facto collections platform. In this new white paper, MSC traces BBPS’s journey and examines its potential in the next decade.