RS Bill@Edge™

The innovative bill and invoice presentment and payment solution

An Inclusive and Innovative Solution

RS Bill@Edge™ enables “Anywhere, Anytime” bill and invoice presentment, payment, and reconciliation. Its unique architecture is designed to create a network effect by bringing Consumers, SME businesses, Corporates, Billers, Financial Institutions, Bill/Invoice Payment Service Providers, and Fintech under one interoperable ecosystem, achieving ubiquity, high productivity, optimal cost structure.

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Features

The innovative federated hub and spoke network architecture, offers market infrastructure operator as the hub of the network to enable standardization of message infrastructure and security, and administer and govern operating rules, essentially establish bill and invoice payment scheme. While the spokes – the Financial Institutions, and their partners – like biller aggregators and Fintech service the billers, businesses, government institutions and consumers.

Billers and SME Businesses need not onboard and integrate with numerous aggregators and Financial Institutions for access for their customers to have access to these Billers.

At the same time, Financial Institutions and Fintech (wallets providers) connected to the hub enable their customers with real-time payment and access to all the billers and businesses in the ecosystem, i.e., practically all the banked population gets connected to all the billers and businesses who are onboarded with even one of the spoke participants.

Thus, significantly improving the biller and consumer experience, and accelerating the market share for Financial Institutions, Aggregators, and Billers, significantly lowering the cost of operations and reconciliation, and accelerating payment realization, improving cash flows and liquidity predictability.

API-First | Mobile-First | Microservices-based architecture | ISO 20022 compliant Real-time Payment Message Infrastructure | Smart Addressing Real-time Clearing Liquidity Monitoring | Fund Management

Uniform user<br>experience

Uniform user
experience

Self or assisted onboarding and access management via web portal

Seamless<br> management

Seamless
management

Configuration of application parameters and business rule management

On-demand<br>Bill Fetch

On-demand
Bill Fetch

Consumers get bills on demand and make timely payment

Ensures<br>interoperability

Ensures
interoperability

Supports EIPP based message framework and ISO 20022 messages

Fraud<br>Management

Fraud
Management

Through velocity check, blacklisting and rule-based risk management, and integration with 3rd party AML and risk engine providers

Data Management <br>& Analytics

Data Management
& Analytics

Through Data lake, and API-led analytics and information services for CFIs, DFIs

Integration with real-time rails

Integration with real-time rails

Supports real-time payments and Request-to-Payment message processing with API-based integration to the real-time payment rails

Report<br>generation

Report
generation

Automated generation of standard, regulatory, and ad-hoc reports

Our demonstrated track record

RS Software has exclusively built India’s bill payment network, the Bharat Bill Payment System (BBPS), leveraging RS Bill@Edge, delivering a nationwide integrated and interoperable bill presentment and payment service. It is revolutionizing the lives of a billion plus people in India and enhancing national productivity by saving the country millions of hours of people’s time, with the adoption growing at ~500% CAGR since 2018.

RS Software has also enabled top 10 financial institutions with solutions that enhance their capability as the participants of the network ecosystem to accelerate their market share with billers and consumers.

Numbers are the best testimony to our credentials

30+
30+

biller categories

5000 TPS
5000 TPS

throughput scalability

150+
150+

enabling the last mile connect with consumers

Insights

December 8, 2022 RBI enhances UPI Mandates and expands Scope of BBPS

In his statement during the Monetary Policy Meeting on December 5-7, 2022, the RBI Governor announce

September 29, 2020 Bill Payments - A disruption waiting to happen

It is generally believed that the smartphone has disrupted society by replacing the simple cell phon

February 6, 2020 Electronic Bill Payment using E-Mandate

The process of electronic bill payment has its own set of challenges even though it seems to increas

February 5, 2020 Bill Payment Network – A digital transformation infrastructure

The Nordic region is perhaps the closest to becoming a cashless society. Cash usage as reported rece

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