Unified Presentment Management System (UPMS)

Wholly-owned subsidiary of national Payments Corporation of India, NPCI BillPay Ltd. (NBBL) introduced a unique functionality called “Unified Presentment Management System (UPMS) with the aim of enriching and simplifying bill payments in India.

Unified Presentment Management System (UPMS)

  • UPMS will help the customers to set up standing instructions, for any mode and from any channel on their recurring bill payments.
  • Bills will be fetched automatically from the billers and will be presented to customers for their action, in terms of bill payment and auto-debit management.
  • With the launch of UPMS, the motive is to enable all the Bharat BillPay Operating Units (BBPOU) to extend the facility for their customers or corporate clients with minimal effort by means of centralized infrastructure as well as application support provided by Bharat BillPay Central Unit (BBPCU).
  • UPMS will also help in democratizing recurring bill payments and making them convenient for customers.
  • It provides a great opportunity for fintech and service providers of the digital payments ecosystem for running through this innovative feature in sandbox environment of BBPS.
  • UPMS will enable a common repository of bills. It will ensure that entire bill payment ecosystem gets updated in real-time.

Deployment of UPMS

Technical Service Providers (TSPs) and Several Operating Units (OUs) are actively helping in the rapid deployment of UPMS. Ecosystem partners like IDFC FIRST bank and Axis Bank are amongst Private Banks and PhonePe are actively engaged in taking UPMS services for their Billers and Consumers.

Significance of UPMS

UPMS service assumes criticality with undergoing category expansion, as a majority of the transactions in new categories under BBPS such as mutual fund, subscriptions, insurance, school fee payments, presently happen through presentment and standing instructions.

National Payments Corporation of India (NPCI)

NPCI is the specialised division of Reserve Bank of India (RBI). It works under the parent jurisdiction of Ministry of Finance. It was established by RBI for operating retail payments and settlement systems across India.

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