 "bill payment")
Non-resident Indians (NRIs) will now be able to make utility bill payments for their family in India as the Reserve Bank of India (RBI) on Friday proposed to enable Bharat Bill Payment System (BBPS) to accept cross-border inward payments.
BBPS, owned and operated by the National Payments Corporation of India (NPCI), offers an interoperable platform for standardised bill payment experience, with over 20,000 billers onboarded on the system and is currently accessible to people residing in India only.
More than 80 million transactions are processed on the payments platform on a monthly basis.
The rationale behind the RBI move is
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