Bharat Bill Payment System
Bharat Bill Payment System https://www.fundstiger.com/bharat-bill-payment-system/ Bharat BillPay enables every citizen to pay their different bills under the same window. This unified ecosystem brings banks, non-banks and online payment platforms under one roof as its official authorised units for bill collections. RBI to cover all repetitive bill payments under Bharat Bill Payments System You will soon be able to make all bill payments, except prepaid recharges, using the Bharat Bill Payment System (BBPS) after the Reserve Bank of India (RBI) gave its nod. The Reserve Bank of India on 7August19 said it will allow all categories of billers except prepaid recharges under the Bharat Bill Payment system (BBPS). The BBPS currently covers billers in five segments, DTH, electricity, gas, telecom and water bills. The regulator is expected to issue detailed instructions in this regard by the end of September 2019. “To leverage the advantages of the BBPS and harness its full potenti...