Bharat Connect clocks Rs 1 trillion in transaction value in October

For the first time, central bill payments platform Bharat Connect processed transactions totalling Rs 1 trillion in October, recording 239.31 million transactions that month.

Bharat Connect was previously known as Bharat Bill Payment System. The NPCI Bharat BillPay Limited (NBBL) is a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), the apex body that operates India’s real-time payments system, the Unified Payments Interface (UPI).