BBPS is an RBI initiative and is run by National Payments Corporation of India. It serves as a one-stop ecosystem for all types of bill payments.
The draft includes various directions related to how card, prepaid payment products like smart cards, online wallets, apps, or mobile banking payment
Over the years, BillDesk became a key player in the digital payments market and offered payment gateway services to millions of customers.
Recharges, bill payments and P2P categories are higher in tier-2 cities, as UPI has been the first digital bill payment option for many
While the RBI is striving hard to protect customers at all costs, here are a few things that you must keep in mind
The new payment aggregator rules being drawn up by RBI might be inconvenient to customers and RBI must find a midway between security and convenience
The bank may not be able to provide same-day doorstep banking services, especially if the requests are raised after banking hours.
UPI transactions have been continuously growing over the last two years, barring February, April and May 2021
BharatPe merchants will get a Rs. 300 instant cashback in their bank account by scanning their vaccination certificate via the BharatPe app.
As volume and value grow 3-fold during 2020-21, making UPI India’s digital payment backbone, the question comes back to haunt: can it continue with