Wednesday, Apr 24 2019 | Time 00:18 Hrs(IST)
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  • Anti-Pragya remark; FIR filed
  • Anti-Pragya remark; FIR filed
  • TN Governor lauds Gomathi for gold medal at Asian meet
  • TN Governor lauds Gomathi for gold medal at Asian meet
  • France determined to implement Iran nuclear deal despite Washington's sanctions
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True Balance ties up with Bharat Bill Payment Operating Unit to become holistic payment app

True Balance ties up with Bharat Bill Payment Operating Unit to become holistic payment app

Kolkata, Jun 19 (UNI) True Balance, a Digital Wallet and Financial Services Platform has announced a tie-up with Bharat Bill payment operating Unit(BBPOU), an RBI conceptualized system, to facilitate quick and easy bill payments.

Partnership with BBPOU will enable users to reap maximum benefits while making payments as well as gain an added advantage of True Balance features like Rate cutters, Smart alerts and One Tap Recharge.

The BBPS is a centralized bill payment system that allows users to use a single website or outlet to make multiple payments which may be repetitive like monthly mobile phone, gas and electricity bills. It offers interoperable and accessible bill payment service to customers, through a network of agents which can provide instant confirmation of payments.

Last month True Balance also added DTH bill payment services to its portfolio. With the tie up with BPPOU, the platform will cover all BBPOU registered users including 52 Electricity boards ,8 Gas billers and 6 DTH billers.

Commenting on the development, Mr Charlie Lee, CEO, True Balance, said, “We are committed towards our goal of extending financial inclusion to the next billion Indian users and reducing the digital divide in the country. An integration with BBPOU will allow us to bring basic Fintech services within the reach of every Indian. We are now a holistic payments app which offers efficient, cost effective and secure payments to all our 50 million user base.”

Launched in 2014 by Balance Hero, True Balance app covers bill management and payment of prepaid and Postpaid services in India over 10 networks across 22 circles. The platform also offers mobile wallet and utility bill payment services.

Apart from providing a simplistic and time saving bill pay experience, True Balance app also offers its users exciting cashback and membership options, instant payment alerts, refunds and instalment payment plans.

UNI SJC KK

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Around 66 pc voting in III phase, one killed in Bengal violence, 11 die while voting in Kerala, EVM glitches reported from all states

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LS Election: Kerala records 77 15 pc turnout

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