.....is an integrated bill payment system which will offer inter operable bill payment service to customers online as well as through a network of agents on the ground.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____is an integrated bill payment system which will offer inter operable bill payment service to customers online as well as through a network of agents on the ground.

A	BBPS
B	IMPS
C	AEPS
D	APBS

Explanation:

Detailed explanation-1: -Bharat Bill Payment System (BBPS) is an integrated bill payment system in the country offering interoperable and accessible bill payment service to customers through a network of agents, enabling multiple payment modes, and providing instant confirmation of payment.

Detailed explanation-2: -Bharat Bill Payment System (BBPS) is a RBI mandated system which offers integrated and interoperable bill payment services to customers across geographies with certainty, reliability and safety of transactions.

Detailed explanation-3: -BBPS transaction can be initiated through multiple payment channels both digital channels like Internet, Internet banking, Mobile, Mobile banking, POS (Point of Sale terminal), MPOS (Mobile Point of Sale terminal), KIOSK, and offline channels like ATM, Bank Branch, Agents and Business Correspondents. Who is BBPCU?

Detailed explanation-4: -They pay phone, electricity, gas and cable bills, school fees for their children, housing society maintenance fees, club membership fees, municipal taxes and many more such payments. With BBPS, all these payments can be made through a single interface!

Detailed explanation-5: -The BBPS will be an authorised payment system operated by National Payment Corporation of India (NPCI).

There is 1 question to complete.