History

Bank Bazaar BC India Private Limited, an ISO 9001:2008 & 27001:2013 certified company, is India’s Largest Payments Solution Provider. Bank Bazaar BC is in the business of service aggregation and distribution, mobile & online payment processing and provides money transfer services. The business was built to service the Telecom/DTH Operators, Utility and other such service providers pan-India, with an objective to provide ease of access to the people to pay for multiple services at their neighbourhood retail stores. Bank Bazaar BC has the largest modern retail footprint of approximately 2,00,000 touchpoints at small retail outlets and modern retail stores cumulatively. It sees more than 50 million transactions per month.

Bank Bazaar BC empowers many large format retail chains, bank portals, telecom & bank led mobile wallets and government portals, to enable their customers to get access to merchant payments easily. With a strong innovation team, Bank Bazaar BC’s proprietary technology and application are available for retailers, merchants and consumers, on any preferences of access. Bank Bazaar BC’s services can be accessed from the Web, Point of Sale devices and through a Mobile Wallet application. Bank Bazaar BC’s technology partner is Mpower Softcom. Bank Bazaar BC continues to work on Financial Inclusion and is a Correspondent to India’s premier banks, SBI and ICICI banks, enabling services such as account opening, deposits, withdrawals and money transfers. Bank Bazaar BC leads the industry in offering aggregated Recharges and Bill Payments services to which it has added its own Instant Money Transfer service in mid-2013, under the RBI license.

Bank Bazaar BC became the first non-banking institution to connect with NPCI in May 2013, to offer instant money transfer from its wallet to any bank account(over 100+ banks pan India)and vice versa. It is today a leader in this business and processes nearly 17% of all transactions through NPCI, ranking No.1 among non banks and No.3 overall. Bank Bazaar BC is now entering the B2C space, targeting the “Youth” to discover the Bank Bazaar BC Wallet-an exciting mobile app and the all new responsive website. which allows mobile phone users to send money to friends, pay rent or restaurant bills, recharge mobile/TV/datacard, pay for movie tickets & much more. What’s more? You can also “Earn points” on select transactions, as well !

Bank Bazaar BC Wallet will soon create a merchant universe for acceptance of its wallet for payment at several establishments to allow for cash-less and card-less transaction experience for the millenial generation.