RBI tweaks BBPS norms to widen participation!
Fri, Mar 1, 2024 9:10 AM

RBI tweaks BBPS norms to widen participation!

A Flip by Riya Sharma
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Mumbai: The Reserve Bank of India (RBI) has streamlined the Bharat Bill Payment System (BBPS) in an attempt to enable greater participation and enhance customer protection in line with its announcement in June 2023.The new guidelines say that commercial and cooperative banks, non-bank payment aggregators and entities authorised as Bharat Bill Payment Operating Units (BBPOUs) can participate.

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