Under BBPS how many operating units we have

BANKING GENERAL KNOWLEDGE

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

A	Only 1 Customer BBPOU
B	Only 1 Bank BBPOU
C	Both
D	None

Explanation:

Detailed explanation-1: -The BBPS will be an authorised payment system operated by National Payment Corporation of India (NPCI).

Detailed explanation-2: -Different Payment Modes Bharat BillPay facilitates myriad payment modes enabling Bill payments. The payment modes options facilitated under the ecosystem are Cards (Credit, Debit and Prepaid), NEFT Internet Banking, UPI, Wallets, Aadhar based Payments and Cash.

Detailed explanation-3: -Bharat Bill Payment Central Unit (BBPCU) will be the single authorized entity operating the BBPS. The BBPCU will set necessary operational, technical and business standards for the entire system and its participants and also undertake clearing and settlement activities.

Detailed explanation-4: -Who is Bharat Bill Payment Central Unit? The National Payments Corporation of India (NPCI) has been authorized by the RBI as the Bharat Bill Payment Central Unit (BBPCU), which is responsible for setting business standards, rules and procedures for technical and business requirements for all participants.

Detailed explanation-5: -As announced in the Statement on Development and Regulatory Policies dated April 08, 2022, the minimum net-worth requirement for non-bank Bharat Bill Payment Operating Units (BBPOUs) stands reduced to ₹25 crore. The BBPS guidelines have been suitably amended. 2.

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