Bharat Bill Payment System
Payment aggregator licence may open avenues beyond rail-ticketing for IRCTC
Recently secured shareholder approval to approval RBI; has database of 100 mn users
 "Payment aggregator licence may open avenues beyond rail-ticketing for IRCTC")
IRCTC set to enter payments sector, eyes aggregator license from RBI
At present, IRCTC already has I-PAY, its in-house payment gateway
 "IRCTC set to enter payments sector, eyes aggregator license from RBI")
Stop charging platform fee on BBPS payments: NPCI directs payment apps
NPCI's directive comes days after a discussion paper was released by the Reserve Bank of India (RBI) related to such charges
 "Stop charging platform fee on BBPS payments: NPCI directs payment apps")
NRIs can now pay utility bills through Bharat Bill Payment System
More than 80 million transactions are processed on the payments platform on a monthly basis
 "NRIs can now pay utility bills through Bharat Bill Payment System")
BBPS inward payments to deepen cross-border payment ecosystem in India
Bharat Bill Payment System (BBPS), under the aegis of the RBI, allows recurring utility bill payments through an integrated platform
 "BBPS inward payments to deepen cross-border payment ecosystem in India")
RBI reduces net-worth requirement for non-bank Bharat Bill Payment units
The reduction in net-worth requirements follows an announcement regarding the same by the central bank in April
 "RBI reduces net-worth requirement for non-bank Bharat Bill Payment units")
Taking immediate steps to comply with RBI directions: Paytm Payments Bank
This is the third time that Vijay Shekhar Sharma-promoted Paytm Payments Bank (PPBL) is facing action from the banking regulator since its inception in May 2017
 "Taking immediate steps to comply with RBI directions: Paytm Payments Bank")
NPCI appoints Noopur Chaturvedi as CEO of Bharat Bill Pay Ltd
Prior to joining NPCI, Chaturvedi was country head at PayU and chief-corporate business alliances at Airtel Payments Bank
 "NPCI appoints Noopur Chaturvedi as CEO of Bharat Bill Pay Ltd")
UPI transaction volume tops 1.7 bn in Sept, crosses Rs 3 trn by value
The coronavirus (Covid-19) pandemic has resulted in massive adoption of UPI in the offline and online segments
 "UPI transaction volume tops 1.7 bn in Sept, crosses Rs 3 trn by value")
Vakrangee gets RBI nod to set up BBPS unit to handle billing services
"Vakrangee can now directly handle payment and aggregation of payment services relating to bills under the scope of BBPS (Bharat Bill Payment System)," the company said
 "Vakrangee gets RBI nod to set up BBPS unit to handle billing services")
RBI to cover all repetitive bill payments under Bharat Bill Payments System
The detailed instructions in this regard will be issued by the end of September 2019
 "RBI to cover all repetitive bill payments under Bharat Bill Payments System")
Odisha mulls onboarding water billers on BBPS to promote digital payments
National Payments Corporation of India has delivered a unified platform called BBPS, which aggregates multiple billers onto a single platform
 "Odisha mulls onboarding water billers on BBPS to promote digital payments")
With NPCI's Bharat Bill Payment System paying bills won't be a headache
It will make the process seamless, as you will not have to log on to individual websites
 "With NPCI's Bharat Bill Payment System paying bills won't be a headache")
