Scope of Bharat Bill Payment System to be expanded further

Scope of Bharat Bill Payment System to be expanded further: https://www.thehindubusinessline.com/money-and-banking/scope-of-bharat-bill-payment-system-to-be-expanded-further/article66234129.ece

The scope of the Bharat Bill Payment System (BBPS) will soon be expanded to include all categories of payments and collections, both recurring and non-recurring in nature, according to RBI.

“This will make the platform accessible to a wider set of individuals and businesses who can benefit from the transparent and uniform payments experience, faster access to funds, and improved efficiency,” as per RBI’s statement on Developmental and Regulatory Policies.

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