CURRENT AFFAIRS

2017

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

Canara Bank introduced two new digital services namely Bharat QR (Quick Response) and BBPS. What is the full form of BBPS?

A	Bharat Bill Payment and Settlement
B	Bharat Bill Paying System
C	Bill Booking and Payment System
D	Bharat Bill Payment System

Explanation:

Detailed explanation-1: -What is BBPS? ∎ The Bharat Bill Payment System (BBPS) is a RBI mandated system which will offer integrated and interoperable bill payment services to customers across geographies with certainty, reliability and safety of transactions.

Detailed explanation-2: -Log-in to the Canara Bank QR PoS Merchant Application using the credentials received on the registered mobile number as an SMS. . Create QR code on the Canara Bank QR PoS Merchant Application (The first QR Code will be provided by Canara Bank and installed at the merchant facility).

Detailed explanation-3: -The bank does not charge any fees for providing standees or for generating QR codes. However, it charges Rs 180 per soundbox device, Raju said.

Detailed explanation-4: -What are the current biller categories in BBPS? Bharat BillPay offers all recurring payments like electricity, telecom, DTH, Gas, water bills, Insurance, Loan repayments, Education fees, FasTag Recharge, Municipal taxes, Housing society, Subscription fees etc. at one single window.

Detailed explanation-5: -Bharat Bill Pay (BBPS)-Manage Multiple Bill Payment Anywhere & Anytime Easily.

There is 1 question to complete.