Canara Bank and Bharat BillPay partner to make cross-border UPI payments between India and Oman possible

13 Apr 2023 , 05:18 AM

For Indians living in Oman, Canara Bank and NPCI Bharat BillPay Ltd (NBBL) have announced the introduction of cross-border inward bill payment services. According to a statement released on Wednesday, NRIs can now use the Bharat Bill Payment System’s (BBPS) powerful platform to pay bills on behalf of their families through the Musandam Exchange.

As the first public sector bank in India to offer inbound cross-border bill payments through BBPS, this initiative marks a significant milestone for Canara Bank, it was further stated.

According to the announcement, Indians living in Oman can now quickly, easily, and securely pay invoices for services from their home country.

According to a release, the first exchange house in Oman to launch cross-border incoming bill payments is Musandam Exchange, which is run by Canara Bank.

In Kuwait, the cross-border bill payment service is already operational and enables inbound remittances for utilities including power, water, cell phone, and gas bills as well as other bills.

It added that the service gives Indian expatriates, who up until now had to rely on traditional methods to pay their domestic bills, a much-needed option. NRIs in Oman will now be able to experience these benefits for the first time, marking a key turning point in India’s digital payments journey.

‘This initiative is in line with our commitment to provide our clients with innovative and customer-centric solutions,’ Canara Bank managing director K Satyanarayana Raju told ET.

He expressed optimism that this facility will improve our NRI customers’ banking experiences and foster partnerships with them.

For feedback and suggestions, write to us at [e-mail]