bbps

Announcing the June 2023 monetary policy keeping the repo rate unchanged at 6.50 per cent, RBI Governor Shaktikanta Das on Thursday also announced a slew of measures related to RuPay forex cards, e-RUPI, FEMA rules, priority sector lending,…

PhonePe, GPay, Paytm UPI: The RBI has said popular retail payments system UPI will soon have a new functionality — single-block-and-multiple-debits. It said the feature, once rolled out, will enable a customer to block funds in his/her…

The Reserve Bank of India (RBI) has enabled the Bharat Bill Payment System (BBPS) to process cross-border inbound payments for the non-resident Indians (NRIs). After the enabling of the inbound payment process, the NRIs no longer need to…

The government will support free electronic transactions under Bharat Bill Payment System or BBPS and may direct the Indian Banks' Association (IBA) and National Payments Corporation of India (NPCI) to review and act against errant players,…

RBI MPC Decisions: The Reserve Bank of India on Friday proposed to enable the Bharat Bill Payment System to accept the cross border inward bill payments to help non-resident Indians or NRIs to make bill payments for utilities, education and…

Bharat Bill Payment System: The Reserve Bank of India has given a good news to senior citizens whose children live abroad. It happens often that senior citizens living in India and having NRI children face issues regarding payments of…

In a bid to check fraud, the Reserve Bank on Friday decided to permit all banks to introduce card-less cash withdrawal through ATMs. IMAGE: Kindly note that this image has been posted for representational purposes only. Photograph:…

MUMBAI: E-commerce companies and other establishments that accept payment online will now have six more months before they have to delete credit card data from their systems. The Reserve Bank of India on Thursday said that it was extending…

Walmart-backed PhonePe, the industry leader in facilitating Unified Payments Interface (UPI) payments since December 2020, has cornered nearly half of all customer transactions on the Bharat Bill Payment System (BBPS) channel in August. The…