Easebuzz has emerged as one of the first movers to launch the Banking Connect IBMB (Interoperable Net & Mobile Banking) platform in partnership with NPCI Bharat BillPay Limited (NBBL) at the Global Fintech Festival (GFF) 2025 in Mumbai. The launch took place in the presence of the Honourable RBI Governor, Shri Sanjay Malhotra.
The Banking Connect IBMB platform marks a significant advancement in India’s digital banking framework. It aims to transform traditional net banking into a unified, interoperable, and mobile-first ecosystem—enabling instant fund transfers, cross-bank interoperability, and real-time reconciliation for a seamless and secure banking experience.
Commenting on the launch, Amit Kumar, CTO & Director, Easebuzz, said, “Banking Connect IBMB launch marks a pivotal moment in India’s digital banking journey. This interoperable platform empowers banks and businesses alike to deliver seamless, secure, and scalable net banking experiences, driving financial inclusion and transforming the payments ecosystem. With strong collaboration from NPCI and banking partners, we are excited to broaden access and accelerate digital inclusion aligned to Viksit Bharat vision.”
As a new addition to India’s digital public infrastructure, Banking Connect IBMB standardises merchant onboarding and integration while improving transaction reliability. Its key features include one-time setup, support for mobile and web payment flows, faster settlements, and centralized dispute management. The platform also levels the playing field for regional and smaller banks, supporting financial inclusion and digital accessibility.
By offering a UPI-like experience across net banking modes—NEFT, RTGS, IMPS, as well as intent, QR, and redirection flows—the platform brings standardization and simplicity to digital banking.
At GFF 2025, the platform’s capabilities were showcased through a live insurance payment transaction jointly demonstrated by NPCI, ICICI Prudential, and Easebuzz.
Easebuzz also unveiled two sector-specific digital solutions:
- FeesPortal, a comprehensive platform for recurring and subscription payments, now integrated as a biller aggregator with NBBL BBPS, streamlining fee payments for institutions like Symbiosis University.
- HOM360, a digital suite designed for housing society management.
Together, these launches reinforce Easebuzz’s vision of building interoperable, accessible, and secure digital infrastructure that strengthens India’s fintech ecosystem.
