Boosting Net Banking: Banking Connect's Revolutionary Platform
November 27, 2025
Banking Connect, a new net banking platform by NPCI Bharat BillPay, aims to quadruple monthly bill payments and enhance fund transfer monitoring. The platform addresses gaps in current payment systems and features interoperability. It also targets reducing fraud while helping RBI monitor sectors like cryptocurrency and gaming.
The newly launched Banking Connect platform by NPCI Bharat BillPay is set to modernize net banking by significantly reducing the lag in transaction monitoring, a process crucial for the Reserve Bank of India. Top officials reveal that this innovation aims to quadruple monthly bill payments within four years.
Noopur Chaturvedi, CEO of NPCI Bharat BillPay, emphasized the platform's role in enhancing fund transfer oversight, especially to sensitive sectors such as cryptocurrency and gaming. Currently, the RBI faces up to a year's delay in receiving transaction data.
In addition to improving regulatory monitoring, Banking Connect aims to curb fraud, particularly social engineering frauds. The platform, featuring interoperability and a mobile-first approach, is rapidly expanding partnerships, with top banks joining soon.
Noopur Chaturvedi, CEO of NPCI Bharat BillPay, emphasized the platform's role in enhancing fund transfer oversight, especially to sensitive sectors such as cryptocurrency and gaming. Currently, the RBI faces up to a year's delay in receiving transaction data.
In addition to improving regulatory monitoring, Banking Connect aims to curb fraud, particularly social engineering frauds. The platform, featuring interoperability and a mobile-first approach, is rapidly expanding partnerships, with top banks joining soon.