The National Payments Corporation of India (NPCI) has transferred all its Bharat Bill Payment System (BBPS) transaction business to NPCI Bharat BillPay Limited (NBBL), a wholly-owned subsidiary of NPCI. All licensed bill processors on the Bharat Bill Payment Operating Units (BBPOU), i.e. the banks and payment aggregators, have been directed to start accounting their billing transactions under NBBL from April 1 2021.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The decision to set up a separate subsidiary for bill payment business aims to scale growth of the interoperable bill platform by giving it increased autonomy in operations and onboarding of new billers. BBPS is an interoperable bill payments platform set up in 2013, for use by banks, fintech companies and biller merchants to automate bill collection and request solutions.
Important takeaways for all competitive exams:
Weekly Current Affairs One-Liners Current Affairs 2025 plays a very important role in competitive examinations…
The Ministry of Electronics and Information Technology (MeitY) has launched ‘PARAM SHAKTI’, a powerful new…
Akasa Air, India’s youngest airline founded in 2020, has become a member of the International…
The Government of India focuses strongly on the welfare and empowerment of women and children.…
The 53rd edition of the New Delhi World Book Fair (NDWBF) 2026 will be held…
The 98th Academy Awards, also known as Oscars 2026, have recognized five Indian films as…