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:
An aircraft carrier is often described as a "floating airfield," a majestic and powerful warship…
The Dassault Rafale is a twin-engine, multirole 4.5-generation fighter aircraft developed by the French company…
In a landmark policy shift, the England and Wales Cricket Board (ECB) has announced that…
In a significant stride towards maritime self-reliance and defence preparedness, the Indian Navy has received…
The F-16 Fighting Falcon is a single-engine, multirole fighter aircraft originally developed by General Dynamics…
Why in News? As India-Pakistan tensions flared after the May 7 precision strikes under Operation…
![](data:image/svg+xml;charset=utf-8,<svg height="200px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="34px" width="156px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="218px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
