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Beacon has introduced a new feature called India Bill Pay. It allows Canadian immigrants to pay bills in India directly using Canadian dollars. The service supports payments for over 21,000 types of bills in India. You can access it through the Beacon Money app, available on both Google Play and iOS.
India Bill Pay was developed in partnership with Bharat Connect (BBPS) and YES BANK. This feature gives NRIs a convenient way to pay bills in India from abroad. It solves the common challenges NRIs face when managing bills for their family or personal matters in India.
Aditya Mhatre, Co-Founder and Chief Product and Technology Officer of Beacon, explained, “As an NRI in Canada, I faced difficulties paying bills in India. We built Beacon India Bill Pay to provide a smooth experience for NRIs like me.”
The service is powered by YES BANK and uses the Rupee Drawing Arrangement (RDA) framework. This ensures compliance with Reserve Bank of India regulations. It also leverages Bharat Connect, India’s national bill payment infrastructure, to process payments securely and efficiently.
With India Bill Pay, users can pay a wide range of bills, including utility charges, school fees, and loans. There is no need for an NRI bank account or relying on friends and family. The process is fast and easy, with a 100% digital KYC and onboarding system. Users can start making payments in just minutes.
“The partnership with Beacon allows us to extend Bharat Connect’s services to NRIs in Canada,” said Noopur Chaturvedi, CEO of NBBL. “It gives them a secure, reliable platform for paying their bills.”
Ajay Rajan, Country Head – Government, Multinational and International Business, Transaction Banking and Knowledge Units at YES BANK, commented, “We are bridging the gap between Indian and international financial systems. This service makes it easier for NRIs to manage their financial obligations in India.”
The launch of Beacon India Bill Pay is a major step forward in cross-border financial solutions. It offers Canadian immigrants a secure, convenient way to manage their financial commitments in India.
