CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Payments Bank has partnered with NPCI Bharat Bill Pay Limited to facilitate pan India doorstep bill payments service?
A
India Post Payments Bank
B
Jio Payments Bank
C
Paytm Payments Bank
D
Fino Payments Bank
Explanation: 

Detailed explanation-1: -NPCI has tied up with India Post Payments Bank (IPPB) to launch the doorstep bill payments service in December 2021.

Detailed explanation-2: -Bharat BillPay is an integrated ecosystem connecting banks and non-banks in bills aggregation business, Billers, payment service providers and retail Bill outlets. Facilitate seamless payment of bills through any channel : Digital and physical.

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

Detailed explanation-4: -Bharat Bill Payment System is offering one-stop bill payment solution for all recurring payments with 200+ Billers in the categories Viz. Electricity, Gas, Water, Telecom, DTH, Loan Repayments, Insurance, FASTag Recharge, Cable etc. across India.

Detailed explanation-5: -Ms. 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.

There is 1 question to complete.