Effective July 1, new rules for credit card bill payments are here! Say goodbye to using CRED, PhonePe, and Paytm for HDFC & Axis Bank cards.
Customers can no longer use third-party apps to pay credit card bills. Major banks like HDFC and Axis are affected.
Due to a lack of integration with the Bharat Bill Payment System (BBPS), third-party apps can’t process these payments anymore.
SBI, HDFC, ICICI, Citibank cards must route payments through BBPS from July 1, 2024, affecting transaction volumes.
Banks live on BBPS: AU Small Finance, Bank of Baroda, Canara Bank, Federal Bank, ICICI Bank, and more!
Axis, HDFC, IDFC First, Indian Bank, Indian Overseas, YES Bank are working on BBPS integration.
Bharat Bill Payment System offers reliable and safe bill payment services across geographies.