Thursday, November 21

Tag: BBPS

Bharat Bill Payment System (BBPS)- Basic Transaction Flow and Payment Architecture
Payments, Fintech, Technology

Bharat Bill Payment System (BBPS)- Basic Transaction Flow and Payment Architecture

Here's a breakdown of a basic transaction flow and payment architecture for an app providing Bharat Bill Payment System (BBPS) services: 1. User Interface (UI): User Login/Registration: The user logs in or registers on the app, providing necessary details. Bill Selection: The user selects the bill category (electricity, gas, water, etc.), biller (specific company), and enters the bill payment details (account number, customer ID, etc.). Bill Amount Display: The app retrieves the bill amount from the biller's system and displays it to the user. Payment Method Selection: The user chooses their preferred payment method (UPI, debit card, credit card, net banking, etc.). Payment Confirmation: The user reviews the payment details and confirms the transaction. 2. Payment Proc...