About BBPS:
- The Bharat Bill Payment System (BBPS) is an RBI conceptualised system driven by National Payments Corporation of India (NPCI). It is a one-stop payment platform for all bills, providing an interoperable and accessible “Anytime Anywhere” bill payment service to customers across the country with certainty, reliability and safety of transactions.
Payments through BBPS may be made using cash, transfer cheques and electronic modes. Bill aggregators and banks, who will function as operating units, will carry out these transactions for the customers.
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Insights Daily Current Affairs, 29 July 2017 - INSIGHTSthe Bharat Bill Payment Central Unit (BBPCU) and operate the Bharat Bill Payment System (BBPS). The final clearance from RBI comes almost a year after NPCI launched the BBPS pilot project to make payment of utility bills easier. [imagelink] <span>About BBPS: The Bharat Bill Payment System (BBPS) is an RBI conceptualised system driven by National Payments Corporation of India (NPCI) . It is a one-stop payment platform for all bills, providing an interoperable and accessible “Anytime Anywhere” bill payment service to customers across the country with certainty, reliability and safety of transactions. Payments through BBPS may be made using cash, transfer cheques and electronic modes . Bill aggregators and banks, who will function as operating units, will carry out these transactions for the customers. NPCI: National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments system in India . It was set up with the guidance and support of the Reserve Summary
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