RBI has given a big facility, NRIs will be able to make bill payments directly from abroad
Now, this facility was only for Indians living in India.
Brokerage house Yes Securities said BBPS will now accept inward bill payments from outside the country as well. This NRI will now be able to pay for the needs of his family in the country like electricity bills, education, and many more. The facility of BBPS was till now only for Indian people, said to RBI, this facility has been given to NRIs to pay bills for the needs of their families living inside India. NRIs will be able to pay a lot of bills with the help of BBPS.
20 thousand people have been added to this system
BBPS is governed by NPCI Bharat Billpay Limited. All the necessary guidelines related to this will be issued soon by RBI. It has been said by RBI that BBPS has made changes in the payment methods in many important facilities like customer bill payment, uniform fees,s, etc. On their behalf, it has been said that 20 thousand people have been added to this system.
Processed more than 8 crore transactions
BBPS provides a bill payment facility to the customers. BBPS is a bill payment integrated system, which works under NPCI. In this system, more than 20 thousand people are part of the biller system. More than 8 crore transactions are processed inside this platform.