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Four banks may log in to NBBL's 'interoperable netbanking' in October
Business Standard
|September 12, 2025
At least four banks — HDFC Bank, Axis Bank, State Bank of India (SBI), and AU Small Finance Bank — along with several online payment aggregators are expected to go live next month on a new system for interoperable netbanking transactions.
The platform is being developed and piloted by NPCI Bharat BillPay (NBBL).
Reserve Bank of India (RBI) Governor Sanjay Malhotra is expected to launch the new netbanking switch at the Global Fintech Fest 2025, scheduled for October 7-9. The system, called Netbanking 2.0, aims to standardize and simplify the transaction experience for online merchants accepting netbanking payments.
"We have to connect with the core banking systems of multiple banks to enable netbanking as a payment method. Now, we will also have the option of connecting with the new netbanking solution being developed by NBBL as a backup," said an executive at an online payment aggregator firm who did not wish to be named.
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