The Bharat Bill Payment System (BBPS) is an RBI conceptualised system driven by National Payments Corporation of India (NPCI). Payments through BBPS may be made using cash, transfer cheques and electronic modes. 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 Bank of India (RBI) and Indian Banksrsquo; Association (IBA). Reserve Bank of India recently eased norms for non-bank entities to set up Bharat Bill Payment operating units by reducing the net-worth requirement to Rs 25 crore from Rs 100 crore, with a view to encourage more players in the segment. 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. It was launched by NPCI.
The 7th Hockey Men's Asian Champions Trophy is being held in which city?
Which country recently became the 97th member of the International Solar Alliance (ISA)?
With reference to Critical Minerals for India, consider the following statement:
1. These are the elements that are the building blocks of ...
What is SAMADHAN doctrine, often seen in news?
How does the rise in external commercial borrowings in India affect the country's external debt?
In which country was the world's third-largest mosque recently inaugurated?
Who is the newly appointed Chairman & Managing Director (CMD) of BSNL?
In which year was the poetry collection 'Jitne Log Utne Prem' by Leeladhar Jagudi, for which he received the Vyas Samman in 2018, published?
Spain's Navantia has collaborated with which of the Indian company sigend pact to jointly bid for Indian Navy's P 75 submarine program bid?
Who has been reappointed as the Deputy Governor of the Reserve Bank of India (RBI) in October 2024?
