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Sequoia-backed fintech Aspora is introducing a feature that lets Indian diaspora members pay bills in India directly. Non-resident Indians (NRIs) can now settle utility bills or recharge mobile plans for their families without relying on traditional remittance methods. The platform integrates with India’s Bharat Bill Payment System (BBPS) via Yes Bank, enabling payments to over 22,000 billers. Aspora offers fee-free transactions with competitive exchange rates, simplifying cross-border bill management. The startup plans to expand this feature to the U.S. and UAE after its UK launch.
Key facts
- Aspora enables NRIs to pay Indian utility bills and mobile recharges directly through its integrated BBPS system.
- The service partners with Yes Bank’s domestic pipeline and Ding for mobile recharge transactions not supported by BBPS.
- Users benefit from zero fees and optimal exchange rates for seamless international bill payments.
- Aspora’s new feature is initially available in the UK, with expansion to the U.S. and UAE planned soon.
- The company has served 800,000 customers, processing $4 billion in transactions and saving $25 million in transfer fees.
