Bharat Bill Payment System (BBPS): RBI direction 2024

In Supersession of earlier BBPS-related guidelines/circulars,  RBI on Friday (March 1, 2024) issued the new Directions hereinafter specified. These Directions shall be applicable from April 01, 2024. The provisions of the new Directions shall apply to NPCI Bharat Bill Pay Limited (NBBL) a wholly owned subsidiary of the National Payments Corporation of India); and All…