National Payments Corporation of India (NPCI) has launched the pilot project for Bharat Bill Payment System (BBPS) with how many Bharat Bill Payment Operating Units (BBPOUs).

2016

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

A	26
B	12
C	45
D	37

Explanation:

Detailed explanation-1: -National Payments Corporation of India (NPCI) has been authorized by RBI as the Bharat Bill Payment Central Unit (BBPCU) and is responsible for setting business standards, rules and procedures for technical and business requirements for all participants.

Detailed explanation-2: -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.

Detailed explanation-3: -The circular had indicated that the National Payment Corporation of India (NPCI) will function as the authorised Bharat Bill Payment Central Unit (BBPCU) to set standards for BBPS processes which need to be adhered by all the operating units under the system.

Detailed explanation-4: -Entities who have received authorisation from Reserve Bank of India to conduct bill payment and aggregation business in BBPS. BBPOU could be a bank or non-bank entity, functioning under BBPCU.

Detailed explanation-5: -Fintech major MobiKwik has launched ‘ClickPay’ in collaboration with NPCI Bharat BillPay Ltd.

There is 1 question to complete.