"Sequoia-backed fintech platform Aspora, which lets the Indian diaspora send money back to India, is launching a new feature for users to pay bills. This means Non-Resident Indians (NRIs) can pay utility bills or recharge their mobile prepaid plans for their family. The startup said that until now, users had to either transfer the money to their Indian accounts or ask someone to handle the bills for them."
"Aspora has hooked up to the Bharat Bill Payment System (BBPS), which handles bill payments in India, using Yes Bank's domestic pipeline. Through this system, it has enabled payment for more than 22,000 billers in India, ranging from electricity providers such as BSES and BESCOM, broadband providers like Jio and Airtel, and loan payments for major banks. The startup said it's not charging any fees for these payments, and the users get the best exchange rates to pay the bill directly in foreign currency."
Aspora launched a bill-payment feature allowing Non-Resident Indians to pay Indian utility bills and recharge mobile prepaid plans for family members. Previously, users had to transfer funds to Indian accounts, ask someone to handle bills, or use foreign cards with high charges and payment failures. Aspora integrated with the Bharat Bill Payment System via Yes Bank's domestic pipeline to enable payments to more than 22,000 billers, including electricity, broadband, and bank loans. The company charges no fees and offers favorable exchange rates for direct foreign-currency payments. Early testing with several thousand users showed positive results and increased platform transaction frequency; bill payments may reduce remittances by about 4–5% but improve long-term stickiness.
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