AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first in over a decade to receive in-principal approval for transitioning into a Universal Bank, has achieved another industry-first milestone by becoming the inaugural bank to go live on NPCI Bharat BillPay Limited’s (NBBL) Banking Connect platform.
Launched at the Global Fintech Fest 2025 by the Hon’ble Governor of the Reserve Bank of
India, Mr. Sanjay Malhotra, Banking Connect is a transformative initiative aimed at simplifying and standardising Net Banking Payment Gateway (PG) transactions.
This unified integration framework enables banks to connect with merchants through a
single, streamlined interface, eliminating the need for multiple aggregator partnerships. Much like UPI revolutionised peer-to-peer payments, Banking Connect is poised to redefine Net Banking by offering enhanced scalability, security, and ease of use.
With this integration, AU SFB customers can now complete Net Banking PG transactions by
simply scanning a QR code via the AU 0101 app removing the need to remember login credentials such as usernames, passwords, or CIF/mPINs. This mobile-first approach not
only accelerates the payment process but also enhances security and user convenience.
Beyond customer experience, the platform also delivers significant operational efficiencies
for banks by reducing technological complexities, expediting merchant onboarding, and
fostering a more robust digital payments ecosystem.
Mr. Uttam Tibrewal, Executive Director and Deputy CEO, AU Small Finance Bank, said: “At AU Small Finance Bank, we remain steadfast in our commitment to advancing India’s digital banking ecosystem through purposeful innovation and collaboration. Our integration with NBBL’s Banking Connect platform reflects this vision delivering enhanced efficiency, strengthened security, and a unified experience that elevates the standards of digital payments across the industry.”
The launch marked a significant leap towards a unified, customer-centric, and resilient digital payments framework in India, reinforcing AU Small Finance Bank’s (AU SFB) role as a frontrunner in digital innovation.