Looking ahead, Aspora aims to introduce NRE and NRO accounts, making it a comprehensive financial hub for Indians living abroad
For millions of Indian expatriates, sending money home has always been more than a transaction—it is a way of staying connected and caring for family from afar. Aspora, a rapidly growing Sequoia-backed fintech platform used by Indians living abroad, is now deepening that bond by enabling users to pay household bills in India directly from overseas. With this new feature, the company is turning remittances into a more hands-on form of cross-border caregiving.
Traditionally, NRIs relied on cumbersome methods to handle routine expenses back home. They either transferred funds to a relative’s bank account, asked someone to make payments on their behalf, or attempted online transactions using international cards—often encountering high fees, currency-conversion headaches, and frequent failures. Aspora’s latest rollout eliminates these workarounds by giving expatriates a simple, one-stop interface to clear essential dues without involving intermediaries.
The feature is powered through Aspora’s integration with India’s Bharat Bill Payment System (BBPS) via Yes Bank. This connection opens access to more than 22,000 billers nationwide, covering electricity boards such as BESCOM and BSES, telecom companies like Airtel and Jio, broadband networks, and even loan repayments for major financial institutions. Users pay in foreign currency at competitive exchange rates, and Aspora has chosen not to levy additional service fees, making the process cost-effective and transparent.
Aspora CEO Parth Garg shared that although direct bill payments might reduce conventional remittances by 4–5%, the company sees this as a strategic advantage. Users who once transferred money once or twice a month now log in more frequently to handle various payments. This shift, according to Garg, strengthens user engagement and builds long-term loyalty—key goals for any modern neo-banking platform.
The feature has been quietly piloted with thousands of customers in recent weeks, with mobile recharges emerging as a top use case
Since BBPS does not support certain categories—like prepaid mobile top-ups and credit card payments for overseas users—Aspora has partnered with global recharge provider Ding to bridge the gap.
Aspora currently offers the service in the UK and plans to extend it soon to the U.S. and UAE, two major remittance corridors. The company recently raised $50 million in Series B funding, is valued at $500 million, and has already facilitated more than $4 billion in transactions for its 800,000 users.
Looking ahead, Aspora aims to introduce NRE and NRO accounts, making it a comprehensive financial hub for Indians living abroad.
