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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Current Affairs
- 1 High-Powered Committee on Ladakh
- 2 Corrupt Practices under Representation of People Act, 1951
- 3 Section 69(A) of Information Technology Act, 2000
- 4 Article 105 of Constitution: The Limits to Free Speech in Parliament
- 5 Special Category Status
- 6 Government sets up Panel on Digital Competition Law
- 7 Guillotine in Parliament
- 8 Rule 357 of Rules of Procedure and Conduct of Business in Lok Sabha
- 9 Delegated Legislation
- 10 Rule 267 of Rajya Sabha Rule Book
