BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What are the advantages of BBPS?
A
Multiple Payment Modes
B
Payment of bill anywhere and anytime
C
Timely & guaranteed settlements between parties
D
All of the above
Explanation: 

Detailed explanation-1: -It offers bill payment services to customers through network of agents or online, allowing multiple payment modes and provides instant confirmation. It will facilitate a cashless society through migration of bill payments from cash to electronic channel.

Detailed explanation-2: -Top Features of Bharat Bill Payment System (BBPS) Pay any kind of bills like electricity, water, telephone, DTH, mobile phone, gas, etc. Pay any kind of bills like electricity, water, telephone, DTH, mobile phone, gas, etc. Pay any kind of bills like electricity, water, telephone, DTH, mobile phone, gas, etc.

Detailed explanation-3: -Bharat Bill Payment System (BBPS) is an integrated bill payment system in India offering interoperable and accessible bill payment service to customers through a network of agents of registered member as Agent Institutions (AI), enabling multiple payment modes, and providing instant confirmation of payment.

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