Revised Regulatory Framework for Bharat Bill Payment Systems (BBPS)
01
Mar
Revised Regulatory Framework for Bharat Bill Payment Systems (BBPS) Subject: Economy Section: Monetary Policy Objective: The Reserve Bank of India (RBI) has introduced a revised regulatory framework for BBPS to align with developments in the payments landscape. Effective from April 1, 2024, the new framework aims to streamline bill payment processes, enhance participation, […]