According to RBI, The scope of the Bharat Bill Payment System (BBPS) will be expanded by August 31 this year by adding ‘mobile prepaid recharges as a biller category. BBPS is an interoperable platform for recurring bill payments operated by the National Payments Corporation of India.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
In May, 213.59 million bill payment transactions were carried out through the BBPS channel. BBPS was started in 2014 as a platform for repetitive bill payments.
Important takeaways for all competitive exams:
Global banking remains the largest and most influential industry worldwide, with the combined brand value…
Cheetah population in India has reached 53 after Namibian cheetah Jwala gave birth to five…
Tactical ballistic missiles are designed for battlefield strikes against high-value targets such as airbases, radar…
Ballistic missiles are among the most powerful strategic weapons used by countries for deterrence and…
Cruise missiles play an important role in modern warfare because they can strike targets with…
CISF Raising Day 2026 is observed across the India on March 10. This day observe…