Question
Bharat Bill Payment System (BBPS) is an integrated bill
payment system in India offering interoperable and accessible bill payment service to customers. ______functions as the authorised Bharat Bill Payment Central Unit (BBPCU)?Solution
The National Payments Corporation of India (NPCI) will function as the authorized Bharat Bill Payment Central Unit (BBPCU) to set the standards for BBPS processes which need to be adhered to by all operating units under the system. NPCI, as the BBPCU, will also undertake clearing and settlement activities related to the BBPS as outlined in the guidelines.
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