The new guidelines say that commercial and cooperative banks, non-bank payment aggregators and entities authorised as Bharat Bill Payment Operating Units (BBPOUs) can participate in BBPS as operating units without requiring a separate authorisation. They have to just intimate the RBI central office before commencing operations.
RBI Streamlines Bharat Bill Payment System, Customers Get More Protection menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The RBI has put in a revised regulatory framework - Bharat Bill Payment Systems Directions, 2024, which will be applicable to NPCI Bharat Bill Pay Limited (NBBL - a wholly owned subsidiary of National Payments Corporation of India); and all .