NBBL aims to process 1 billion monthly transactions over next 3 years, says NBBL CEO

NBBL

NPCI Bharat BillPay Ltd  is targeting 1 billion transactions a month over the next two to three years and aims to reach half the country's households, managing director and chief executive officer Noopur Chaturvedi said on November 27.

“We do want to reach half of the households in the country. And process roughly around three bills per household. That will take us to the 1 billion target monthly bills processed in the next three to four years,” Chaturvedi said.

In October, the company crossed 260 million transactions, a 10x growth over the last few years, Chaturvedi added.

Banking connect was launched during the Global Fintech Fest 2025 in the presence of the Reserve Bank of India’s (RBI) governor Sanjay Malhotra.

Banking Connect is already live with lenders such as HDFC Bank, ICICI Bank, State Bank of India, Yes Bank, AU Small Finance Bank and Federal Bank, and payment aggregators including Infibeam, PayU, Pinelabs, Cashfree, Razorpay, HDFC Bank Smart Gateway, Zoho, Easebuzz, Juspay, OPEN and SBI ePay.

Bharat Connect is the new name and identity for the Bharat BillPay (BBPS), a unified and interoperable platform for digital bill payments.

Launched by the RBI and operated by NPCI Bharat BillPay Limited, a subsidiary of the National Payments Corporation of India (NPCI), it provide customers a single platform to pay various bills, using multiple payment modes for seamless, secure transactions.