An Inclusive and
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.
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 | Cloud-First | Microservices-based | ISO 20022 Complaint
Request-for-Pay | Instant Invoice Generation | Complaint & Dispute Management
Reconciliation | Dashboard | Analytics
Self or assisted onboarding and access management via web portal
Configuration of application parameters and business rule management
Consumers get bills on demand and make timely payment
Supports EIPP based message framework and ISO 20022 messages
Through velocity check, blacklisting and rule-based risk management, and integration with 3rd party AML and risk engine providers
Through Data lake, and API-led analytics and information services for CFIs, DFIs
Supports real-time payments and Request-to-Payment message processing with API-based integration to the real-time payment rails
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
enabling the last mile connect with consumers