Question

    Bharat Bill Payment System (BBPS) is an integrated bill

    payment system in India offering interoperable and accessible bill payment service to customers. Which of the following Institutions act as authorised Bharat Bill Payment Central Unit (BBPCU)?
    A RBI Correct Answer Incorrect Answer
    B SBI Correct Answer Incorrect Answer
    C NPCI Correct Answer Incorrect Answer
    D Bank of Maharashtra Correct Answer Incorrect Answer
    E Payment Council of India Correct Answer Incorrect Answer

    Solution

    National Payments Corporation of India (NPCI) functions as the authorised Bharat Bill Payment Central Unit (BBPCU), which will be responsible for setting business standards, rules and procedures for technical and business requirements for all the participants

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