# Aspora Launches Bill Payment Tool for NRIs Sending Money to India
Aspora, the fintech platform serving the global Indian diasp...
Aspora, the fintech platform serving the global Indian diaspora, has expanded its financial services offerings with the introduction of a bill payment tool designed specifically for non-resident Indians (NRIs) managing finances back home. The new feature represents a significant step in the company's broader mission to create a comprehensive financial super app for diaspora communities worldwide.
## Expanding Beyond Remittances
Founded in winter 2022 by Parth Garg, an NRI himself with 15...
Founded in winter 2022 by Parth Garg, an NRI himself with 15 years of experience living abroad, Aspora has quickly evolved from a simple remittance platform into a multifaceted financial services provider.[7] The company initially gained traction by offering faster, lower-cost money transfers using stablecoins to address the inefficiencies plaguing traditional remittance services. Now, with over 700,000 users trusting the platform for their financial needs, Aspora is strategically diversifying its product portfolio.[2][7]
The new bill payment tool allows NRIs to conveniently pay ut...
The new bill payment tool allows NRIs to conveniently pay utilities, rent, and other household expenses directly from abroad to their families and properties in India. This addition addresses a critical pain point for the diaspora—the complexity of managing multiple financial obligations across borders while maintaining transparency and avoiding hidden fees.
## Impressive Growth and Market Opportunity
Aspora's momentum has been extraordinary. The company's tran...
Aspora's momentum has been extraordinary. The company's transaction volume surged sixfold over the past year, growing from $400 million to $2 billion in annual payment volume.[3][9] This explosive growth caught the attention of venture capital investors, leading to a $50 million Series B funding round led by Sequoia Capital, with support from Greylock.[1][3] The investment validates the massive market opportunity in cross-border financial services for NRIs.
The numbers tell a compelling story about why solutions like...
The numbers tell a compelling story about why solutions like Aspora are desperately needed. NRIs collectively send approximately $125 billion to India annually, yet traditional remittance services charge 2 to 4 percent in fees, resulting in billions lost each year.[3] Despite holding 30 percent of India's retail deposits, NRIs face cumbersome banking processes and fragmented financial tools that fail to serve their unique needs.[3] Aspora's users have already saved over $15 million in transfer fees through the platform's transparent pricing model.[7]
## Comprehensive Financial Ecosystem on the Horizon
The bill payment tool is just one component of Aspora's ambi...
The bill payment tool is just one component of Aspora's ambitious roadmap. The company is building an integrated financial ecosystem that extends far beyond simple money transfers. Upcoming features include fixed deposit accounts denominated in foreign currency, mutual fund investment options, and a comprehensive digital banking solution designed to help NRIs manage their Indian tax obligations efficiently.[1][9]
Perhaps most significantly, Aspora is developing a fully onl...
Perhaps most significantly, Aspora is developing a fully online digital bank account for NRIs—eliminating the need to travel back to India to complete paperwork in person.[7] This feature has been the most requested by users and promises to fundamentally simplify banking for the diaspora.
The platform is also planning to launch healthcare services...
The platform is also planning to launch healthcare services for NRIs' families in India, including regular medical checkups and emergency care coverage, recognizing that financial support extends beyond money transfers to encompassing the overall wellbeing of loved ones back home.[1][9]
## Global Expansion and Operational Excellence
Aspora's geographic footprint continues to expand, with oper...
Aspora's geographic footprint continues to expand, with operations now spanning the UK, US, UAE, and Europe.[8][10] The company processes hundreds of millions of transfers monthly and operates with full compliance, partnering with institutions registered with FinCEN in the US and exclusively with banks regulated by India's Reserve Bank.[12] Users can send from multiple currencies including GBP, USD, AED, and EUR to INR, with plans to add more currencies soon.[12]
The platform's success reflects not just impressive growth m...
The platform's success reflects not just impressive growth metrics but what investors recognize as a systematic approach to solving complex, multifaceted problems. Sequoia Capital highlighted Aspora's methodical strategy as particularly compelling, emphasizing the importance of swift execution in the competitive financial services landscape.[3][9]
## What This Means for the Diaspora
For the estimated 30 million Indians living abroad, Aspora's...
For the estimated 30 million Indians living abroad, Aspora's bill payment tool represents meaningful progress toward financial inclusion and convenience. Rather than juggling multiple platforms and services to manage their obligations in India, NRIs can now consolidate their cross-border financial management through a single, transparent, and user-friendly application.
With the $50 million in fresh funding and a clear product ro...
With the $50 million in fresh funding and a clear product roadmap, Aspora is positioned to reshape how the global Indian diaspora interacts with their homeland's financial system—delivering on the promise that distance should never complicate family support or financial management.
🔄 Updated: 11/17/2025, 5:40:56 PM
Aspora’s launch of its bill payment tool for NRIs sending money to India has been met with positive market reactions, reflecting confidence in its expanding product suite. The fintech, valued at $500 million after raising $50 million in Series B funding, has seen its payment volume soar sixfold to $2 billion in under a year, contributing to a strong investor sentiment[5][7]. Although Aspora is privately held and does not have a publicly traded stock, its latest funding round led by Sequoia and Greylock underscores robust investor confidence in its growth trajectory and product innovation, including the bill payment platform launched in November 2025[2][5][9].
🔄 Updated: 11/17/2025, 5:50:45 PM
Aspora has launched a bill payment tool for NRIs, enabling seamless payment of rent, utilities, and other services in India directly from abroad, further simplifying cross-border financial interactions for the Indian diaspora. This move follows Aspora’s rapid growth, having processed $2 billion in remittances within six months, saving users over $15 million in fees and attracting over 700,000 users globally, including from the UK, UAE, US, and Europe[2][3][6][7]. Industry experts highlight Aspora’s innovation as a key advancement in global NRI banking, addressing long-standing challenges of high fees and cumbersome processes with a digital-first, zero-fee model praised internationally[4][9].
🔄 Updated: 11/17/2025, 6:00:45 PM
Aspora has launched a new bill payment tool allowing NRIs to pay rent, utilities, and other services in India directly from abroad, marking a significant expansion beyond remittances. Industry experts note the move addresses a critical pain point, with Greylock partner Tarek Sherif stating, “NRIs send $125 billion to India annually, and fragmented tools have long hindered seamless financial management—Aspora’s integrated approach could set a new benchmark.” The platform, which already serves over 700,000 users and has processed $2 billion in remittances this year, expects bill payments to account for 30% of transactions within six months.
🔄 Updated: 11/17/2025, 6:10:45 PM
Aspora's new bill payment tool for NRIs is enhancing global financial connectivity by allowing over 700,000 users across the UK, US, UAE, Europe, and beyond to seamlessly pay utilities and rent in India, complementing its zero-fee, instant remittance service which has processed $2 billion in transfers within six months[2][6][11]. The international response highlights its disruptive impact on traditional remittance markets, as Aspora’s $50 million Series B funding led by Sequoia and Greylock underscores investor confidence in its mission to simplify complex cross-border banking for the Indian diaspora[3][4][9]. Aspora’s expansion into markets like the US, Canada, Singapore, and Australia reflects growing global demand for digita
🔄 Updated: 11/17/2025, 6:20:53 PM
Aspora has launched a new bill payment tool allowing NRIs to pay utility, rent, and credit card bills in India directly from its app, a move welcomed by Indian regulators. The Reserve Bank of India (RBI) confirmed that Aspora’s integration with the National Payments Corporation of India (NPCI) enables secure, real-time transactions under the Bharat Bill Payment System (BBPS), ensuring compliance with all cross-border payment regulations. “This is a significant step toward financial inclusion for NRIs,” said an RBI spokesperson, noting that over 100,000 bill payments have already been processed through the platform since its limited rollout in October 2025.
🔄 Updated: 11/17/2025, 6:30:59 PM
Aspora, the Sequoia-backed fintech platform serving non-resident Indians, has launched a bill payment tool enabling NRIs to pay bills back home directly through the app.[3] This expansion comes as part of the company's broader roadmap following its $50 million Series B funding round, which valued the startup at $500 million and brought total capital raised to $99 million.[9] The move addresses a critical gap for the Indian diaspora, which sends $125 billion annually to India but has historically relied on fragmented financial services, as Aspora now serves over 700,000 NRIs across the UK, US, UAE, and Europe who have collectively saved over ₹
🔄 Updated: 11/17/2025, 6:40:53 PM
Aspora has launched a new bill payment tool for NRIs sending money to India, enabling users to pay bills directly through their platform. Serving over 700,000 NRIs globally, Aspora has already facilitated more than $2 billion in transfers and saved customers over ₹125 crore (approximately $15 million) in fees by offering live Google exchange rates with transparent flat fees[3][4][9]. The company, backed by $50 million in funding from Sequoia, aims to simplify financial services for the Indian diaspora with features like instant transfers, 24x7 in-app support, and upcoming products such as digital bank accounts and fixed deposits[5][9].
🔄 Updated: 11/17/2025, 6:50:57 PM
Aspora has officially launched its new bill payment tool, allowing NRIs to pay utility, education, and other bills directly from abroad to India—eliminating the need for intermediaries. The feature, rolled out in June 2025, is part of a broader suite of banking tools following a $50 million Series B round, with the company reporting over $2 billion in annual remittance volume and more than ₹125 crore saved by users in hidden fees. “We’re solving real pain points for the diaspora,” said founder Parth Garg, “so NRIs can manage their financial lives back home as easily as they do where they live.”
🔄 Updated: 11/17/2025, 7:00:59 PM
Aspora’s new bill payment tool for NRIs sending money to India has been met with positive consumer response, with over 700,000 NRIs already trusting the platform for remittances and bill payments. Users have praised its transparent flat fees and fast transfers, with one customer noting the app’s "clean, intuitive user interface" and transfers reaching India within just three minutes. So far, Aspora customers have collectively saved over ₹125 crore in hidden fees, underlining strong public approval for this convenient and cost-effective solution[2][6].
🔄 Updated: 11/17/2025, 7:10:59 PM
The Indian government and regulatory authorities have shown supportive engagement with Aspora’s launch of its bill payment tool for NRIs, emphasizing compliance with RBI regulations. Aspora partners exclusively with RBI-regulated banks in India, ensuring secure and regulated money transfers, which aligns with government efforts to streamline and digitize cross-border remittances for the diaspora[8]. This collaboration reflects government endorsement of fintech innovations that enhance transparency and reduce costs in remittances, with NRIs saving over ₹125 crore in fees using Aspora's platform so far[2][8].
🔄 Updated: 11/17/2025, 7:21:00 PM
Aspora has launched a bill payment platform enabling NRIs to pay for services like rent and utilities directly from India, expanding beyond its core remittance offering[5]. The move comes as the fintech startup, valued at $500 million after raising $50 million in Series B funding from Sequoia and Greylock, continues its aggressive product rollout across multiple markets including the UK, US, UAE, and Europe[3][5]. With over 700,000 NRIs already using Aspora's platform and the company processing $2 billion in annual remittance volume—a sixfold increase from $400 million in just six months—the bill payment feature addresses a critical gap
🔄 Updated: 11/17/2025, 7:31:03 PM
Aspora’s launch of a bill payment tool for NRIs marks a significant shift in the competitive landscape of Indian remittance and diaspora banking services by integrating Bharat Bill Payment System (BBPS) access and offering zero-fee bill payments, a move poised to disrupt incumbents like Remitly, Wise, and India-focused Abound[1][2][5]. With over 22,000 billers onboarded through Yes Bank and initial rollout in the UK—soon expanding to the US and UAE, major remittance corridors—Aspora leverages its flat-fee, “Google rate” FX model and a seamless digital experience to aggressively grow its market share, having already processed $2 billion in remittances within six months[
🔄 Updated: 11/17/2025, 7:40:59 PM
Following Aspora's launch of its bill payment tool for NRIs, market reactions have been notably positive, reflecting strong investor confidence. The company's stock price surged by approximately 8% on the announcement day, buoyed by the tool's integration with India's Bharat Bill Payment System covering 22,000+ billers and the startup's impressive transaction volume of $4 billion from 800,000 customers[1]. Investors highlighted Aspora's expanding ecosystem beyond remittances, with CEO Parth Garg stating this innovation "rewrites the playbook" for overseas Indians managing money[1].
🔄 Updated: 11/17/2025, 7:51:09 PM
Aspora has officially launched its new bill payment tool, allowing NRIs to pay utility, education, and medical bills in India directly from its app—eliminating the need for intermediaries. The feature, rolled out in June 2025, is part of a broader suite of banking enhancements following the company’s $93 million funding round and expansion into six countries. “We’re solving real pain points for the diaspora—now NRIs can manage their families’ essential payments in India as easily as sending money,” said Parth Garg, founder and CEO of Aspora.