Canara Bank and NPCI join forces to launch bill payment service for Indians in Oman
Canara Bank and NPCI Bharat BillPay Ltd (NBBL) have collaborated to launch a service that allows Indians residing in Oman to make payments for their bills in India. Canara Bank has achieved a significant feat by becoming India’s first public sector bank to provide inbound cross-border bill payment services through BBPS. This breakthrough means that Indians residing in Oman can now conveniently and securely pay bills for services in their home country with ease.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Musandam Exchange becomes the first exchange house in Oman to launch cross-border bill payments
Musandam Exchange, which is supervised by Canara Bank, has launched cross-border inbound bill payment services and has become the first exchange house in Oman to do so. The cross-border bill payment service is currently operational in Kuwait and is facilitating the process of inbound remittances for various utilities such as water, electricity, gas, mobile phone, credit card bills, and more. This service’s introduction in Oman will enable Indians residing in Oman to avail themselves of these advantages for the first time, signifying a significant milestone in India’s progress towards digital payments.
Indian expatriates in Oman can now enjoy the benefits of cross-border bill payments
Until now, Indian expatriates had limited options and had to use traditional methods to pay their domestic bills. This new service provides them with a much-needed alternative. K Satyanarayana Raju, the Managing Director of Canara Bank, has stated that he believes this service will improve the banking experience for their non-resident Indian customers and help to strengthen the bank’s relationship with them. He added that this initiative is in line with their commitment to providing innovative and customer-centric solutions to their clients.
You may also read this:
Find More News Related to Banking