Sequoia-backed fintech Aspora will let Indian diaspora pay bills back home
Sequoia-backed fintech platform Aspora, which lets the Indian diaspora send money back to India, is launching a new feature for users to pay bills. This means Non-Resident Indians (NRIs) can pay utility bills or recharge their mobile prepaid plans for their family. The startup said that until now, users had to either transfer the money to their Indian accounts or ask someone to handle the bills for them. The other option for them was to use their foreign cards and try and pay bills while facing high charges and payment failures. Aspora has hooked up to the Bharat Bill Payment System (BBPS), which handles bill payments in India, using Yes Bank’s domestic pipeline. Through this system, it has enabled payment for more than 22,000 billers in India, ranging from electricity…
