Canara Bank unveiled two new digital services for online payments. Bharat QR (Quick Response) is for payment settlement at merchant locations and Bharat Bill Payment System (BBPS) is an integrated bill payment system for net banking customers.
The first service is a mobile application, which enables a merchant to accept payments as settlement for sale of goods or services. The second product (BBPS), an initiative of the RBI offers bill payment services to the bank’s net banking customers with network of agents.
Important Takeaways from Above News-
- The Headquarters of Canara Bank is in Bengaluru, Karnataka.
- The Chairman of Canara Bank is Shri T. N. Manoharan.
- Its MD & CEO is Shri Rakesh Sharma.
Source- Business Standard