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      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)?
      A NPCI Correct Answer Incorrect Answer
      B Financial Inclusion and Development Department Correct Answer Incorrect Answer
      C UPI Correct Answer Incorrect Answer
      D RUPAY Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      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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