RBI Enables Bharat Bill Payment System to Allow Cross-Border Inbound Payments

RBI Enables Bharat Bill Payment System to Allow Cross-Border Inbound Payments

ByNews Polite

The Reserve Bank of India (RBI) has enabled the Bharat Bill Payment System (BBPS) to process cross-border inbound payments for the non-resident Indians (NRIs). After the enabling of the inbound payment process, the NRIs no longer need to send money to the India-based accounts of their family members to pay…

RuPay Credit Cards Will Be Linked to UPI Platform in a Few Months: NPCI MD

RuPay Credit Cards Will Be Linked to UPI Platform in a Few Months: NPCI MD

ByNews Polite

With cash usage continuing to remain high despite a jump in online payments, a top NPCI official on Friday said currency in circulation will reduce only when a third of the population starts using digital payment alternatives. National Payments Corporation of India (NPCI) Managing Director and Chief Executive Officer Dilip…