In a significant development for Indian expatriates in Bahrain, a new digital payment solution has been launched to streamline the process of paying domestic utility bills. The innovative service, available through both a user-friendly web interface and mobile applications, is set to revolutionize the way Indian citizens residing in Bahrain manage their bill payments.
The collaboration between NPCI Bharat BillPay, Federal Bank, and Lulu Exchange, utilizing Ripple’s cutting-edge fintech technology, has resulted in the official mainnet launch of a cross-border inward payment bill service. This pioneering solution enables non-residents of Bahrain to leverage digital payment services for their bill payments in India, eliminating the need to rely on conventional payment methods.
Previously, Indian expats faced challenges and inefficiencies in managing their utility bills while residing abroad. However, with this breakthrough service, the process has been streamlined, offering a convenient, secure, and seamless bill payment experience.
Shalini Warrier, the executive director of Federal Bank, expressed excitement about the service’s potential to enhance the lives of its beneficiaries. She emphasized the convenience and security of the direct bill payment facility, which can be accessed either at LuLu Exchange offices or through its dedicated smartphone application.
Noopur Chaturvedi, the CEO of BharatPay, is confident that the newly launched product will revolutionize functionality and user experience for customers across all generations. With the integration of this service into the Bharat BillPay platform, non-resident Indians can now enjoy the same convenience and ease of bill payments as their counterparts in India.
This development comes on the heels of Ripple’s recent achievement in Asia, as it secured in-principle approval from the Monetary Authority of Singapore (MAS) on June 22, 2023. This milestone underscores Ripple’s growing prominence and commitment to facilitating secure and efficient cross-border transactions throughout the region.
As the demand for seamless digital payment solutions continues to rise, the collaboration between NPCI Bharat BillPay, Federal Bank, and Lulu Exchange represents a significant step forward in empowering Indian expatriates in Bahrain with enhanced financial services.
The streamlined bill payment process will not only save time and effort but also provide greater peace of mind to individuals managing their obligations from afar. With this groundbreaking solution, the era of hassle-free cross-border utility bill payments has arrived for Indian citizens in Bahrain.
