Plutos One Banking Connect
Certified TSP For Banking Connect
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Banking Connect
Banking connect, commonly referred as IBMB stands for Internet Banking & Mobile Banking, and in the context of NPCI Bharat BillPay Limited (NBBL), it refers to a standardized, interoperable payment system designed to enable merchant payments via net banking and mobile banking.
Single integration point for banks, Payment Aggregators (PAs), and merchants – standardization.
Real-time settlement support across all entities to reduce delays and risk.
Centralized dispute management with transparency and faster resolution mechanisms.
Mobile-first architecture, aligning with user behavior and improving convenience.
No upper transaction limit defined by the network; banks may apply their own thresholds.
Intelligent monitoring and low failure rates through robust infrastructure.
Stakeholders
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Key Features
Reduced Integration Complexity
Plug-and-play API wrappers around NPCI Banking Connect standards & Abstracts NPCI protocol complexity so the bank only integrates with simple APIs.
End-to-End Transaction Management
Complete transaction lifecycle orchestration (request, response, retries, exceptions) & Centralized control instead of multiple fragmented systems.
Operational Efficiency
Automated reconciliation and dashboards & Correlation ID management and ledger maintenance for easy traceability.
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Resilience, Observability & Reliability
High-availability managed switch infrastructure & Monitoring, audit control, and operational resilience out-of-the-box.