2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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National Payments Corporation of India (NPCI)
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Industrial Finance Corporation of India
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Life Insurance Corporation of India (LIC)
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Airline Allied Services Limited
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Detailed explanation-1: -Paytm Payments Bank on Monday said it has received final approval from the Reserve Bank of India to operate as a Bharat Bill Payment Operating Unit (BBPOU).
Detailed explanation-2: -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-3: -Noopur Chaturvedi is the CEO of NPCI Bharat BillPay Limited (NBBL). NBBL is the wholly owned subsidiary of NPCI, and a first of its kind platform for processing all recurring payments in the country.
Detailed explanation-4: -The BBPS will be an authorised payment system operated by National Payment Corporation of India (NPCI).
Detailed explanation-5: -Bharat Bill Payments System (BBPS) participants include all authorised entities including the entity that operates BBPS, their agents, banks, service providers, etc.