The decision comes in view of RuPay Debit and Credit cards issued by banks in India gaining international acceptance through bilateral arrangements with international partners and co-badging arrangements with international...
The Reserve Bank of India (RBI) has announced two consumer-centric development updates related to Unified Payment Interface (UPI) and Bharat Bill Payment System (BBPS). Know what those are.
RBI monetary policy announces major relief for senior citizens by enabling bill payments from overseas through Bharat Bill Payment System (BBPS).
Reserve Bank of India Governor Shaktikanta Das announced streamlining of the Bharat Bill Payment System at the end of the Monetary Policy Committee meeting announcement on June 8, 2023
The RBI has notified all category-I authorised dealer banks to implement the process for enabling Bharat Bill Payment System to process cross-border transactions
Bharat Bill Payment System (BBPS) is an interoperable platform for bill payments and the scope and coverage of BBPS extends to all categories of billers who raise recurring bills
Commercial establishments can now also make their payments through Bharat BillPay enabled channels. In addition, Bharat Gas consumers will be able to book cylinders using third party applications