BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What does BBPOU stand for?
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Bharat Bill Payment Operating Units
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Bharat Biller Payment Operating Units
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Bharat Bill Payment Onsite Units
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Bharat Bill Payment Online Units
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Explanation:
Detailed explanation-1: -Bharat Bill Payment Operating Unit aka BBPOU is the entity that is authorized by Reserve Bank of India. It can be a Bank or a Non-Bank.
Detailed explanation-2: -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-3: -BBPOUs i.e. Bharat Bill Payment Operating Units are authorized operational units, working in adherence to the standards set by the BBPCU.
Detailed explanation-4: -Bharat Bill Payment System (BPPS), at anytime anywhere bill payment system.
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