Bharat Bill Pay System or BBPS has been a game-changer in the bill-payment industry in an era of digital transformation. It provides technology-enabled solutions that connect millions of customers with businesses across India to simplify the bill collections and settlements. The BBPS not only makes it increasingly convenient to pay bills from the comfort of your home. It not only simplifies the process of bill payments but also offers income opportunities to some people who choose to work as BBPS agents. In this post, let us understand the world of Bharat Bill Pay system and how it provides commission-based earning opportunities to agents. They can generate commissions while offering their communities some key services.
Understanding Bharat Bill Payment System
Run by National Payments Corporation of India or the NPCI, Bharat Bill Pay, an integrated bill payment system deals with 25+ categories of utility bills, such as broadband, gas, water, electricity, FASTag, rent, mobile postpaid and more. It is simpler, faster, and efficient. This is the reason why BBPS boasts of completing 85 lakh payments daily. The platform has 22000 billers and 1700+ digital channels for payment. BBPS enables people to pay their bills through multiple channels of their choice, such as netbanking, mobile apps, kiosks, and if they need complete assistance, through BBPS agents. It establishes a network of accredited agents that are essential to the ecosystem as a whole. In essence, BBPS not only encourages digital payments and financial inclusion in India, but also makes bill payments comfortable and easy to complete for customers.
What do Bharat Bill Payment System agents do?
Agents serve as a middleman or an essential bridge between the billers and the customers. These agents are important to ensure bills are paid on schedule and appropriately. Not all the customers are digitally aware or strong enough to handle the payments themselves. For such customers who might not feel comfortable paying their bills online or who would rather prefer to do the bill payments in person, the BBPS agents provide a physical touchpoint. They help clients understand their bills and the whole procedure to pay them. They enable the payment to the appropriate biller after collecting cash or other accepted forms of payment from customers. Agents answer the doubts and questions from clients and handle all their problems related to bill payment.
The BBPS agents earn commissions for every bill payment transaction they process. It is one of the main inducements for people to sign up as Bharat Bill Pay agent, which makes it a desirable source of income. With the help of the income calculator, curated by our team especially for the prospective agents, you can calculate the potential monthly income you will earn as commissions. Working as a BBPS agent is a business opportunity that requires little capital and has high earning potential.
What determines the commission of BBPS agents
There are four key factors that decide the commission of BBPS agents. Let us take a look at them —
- Categories: There are various categories of billers, such as Category A, B, and C. The commission rates are generally lower for Category C billers and higher for Category A billers with B lies in between them. Depending on their commission choices, agents can select the billers they wish to collaborate with.
- Volume of transactions: An agent’s potential commission earnings increase with the number of bill payment transactions that they handle. Agents who handle a lot of transactions and grow a big clientele with time usually earn more money.
- Service charges: The agents may also charge customers some service fees in exchange for helping them pay their bills. Their earnings are increased by this extra source of revenue.
- Happy customers: An agent’s revenue will be greatly impacted by growing a satisfied and devoted clientele. Happy and satisfied customers are more likely to return to your store to pay their bills.
Become a Religare Retailer to earn commission as a BBPS agent
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Eligibility and documentation
In order to become a BBPS agent accredited by Religare, the applicant must make sure that they fulfill the eligibility requirements, including legal age, having a clean financial history and having the necessary educational and technical credentials. To function as a BBPS agent, you need to take up a space, install the required hardware, including a computer and printer working with seamless Wi-Fi internet connection. You need to help the customers pay their bills via the BBPS system and be reachable and ready to respond to their inquiries. To grow your clientele, you need to promote your services in your area and practice a helping attitude to gain word-of-mouth publicity. Having a devoted clientele that trusts your services is essential to your success as an agent.
You need to complete the required paperwork to begin working as a Religare Digital associate or agent. This will ensure that your business runs smoothly for a long time. The required set of documents are –
- Identity proof: Passport size photograph and PAN card
- Office proof: Landline/ Telephone Bill/ Electricity Bill/ Rent Agreement
- Bank proof: A copy of a cancelled cheque, bank statement or passbook
- Proof of Residence: Driver’s license, Aadhar card, voter ID card, passport, or passbook
- Additional documents
– For the partnership firm: A copy of the partners’ letter of authority or partnership deed
– For businesses: A copy of the board resolution (company, society, or trust), the memorandum and articles of association/bylaws, and the list of authorised signatories
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Success stories
There are thousands of BBPS agents working with Religare now. We have so many stories to tell you of our agents who have been successfully working with us for many years. They have made most of the benefits offered by Religare, such as low investment, easy onboarding on our platform, secure and reliable technology run platform. Take the case of Sunil Kumar who joined Religare about 7 years ago. Unlike his disappointing experience with another company, working with Religare, he achieved 6 lakh PAN card application acknowledgement and 7 lakh e-TDS applications. Today, he generates an annual revenue of about Rs 5 lakh.
The story of Sathya will surely leave you inspired to begin the new chapter in your life working as a BBPS agent with Religare. Sathya, who has been working as a Reliagare agent for about 10 years now. With the support of our tech and accounts team, he has processed more than 3 lakh PAN card applications till date. His average income is about 7 lakh per year.
Wrapping up
In addition to being a ground-breaking tool for Digital India helping people streamline their bill payments, Bharat Bill Pay also provides eligible and interested people an opportunity to earn a lucrative source of income. By becoming a BBPS agent with Religare, you can earn commissions for your work while offering your community important services. We have covered the role of BBPS agents, the variables that affect their commission income, and the required eligibility in this article. We encourage you to consider becoming a BBPS agent with us if you’re looking for a flexible and fulfilling earning opportunity. It’s a win-win scenario for you and your customers, and will help you progress on a viable path of economic growth and financial inclusivity of the communities around you.