Bharat Bill Payment System
Recently, the Reserve Bank of India (RBI) decided to expand the scope of the Bharat Bill Payment System (BBPS).
About BBPS
- It is an integrated bill payment system or a platform which acts as a connect between various billers and users.
- The Bharat Bill Payment System offers customers the convenience of payment by cataloguing various utility providers under one platform.
- It acts as a central reference for a customer who wants to make different payments — whether utility bills, loan repayments, FasTag recharge, and so on.
- It has multiple modes of payment and provides instant confirmation of payment via an SMS or receipt ....
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