CURRENT AFFAIRS

Detailed explanation-1: -With an aim to enrich and simplify bill payments in the country, NPCI Bharat BillPay Ltd. (NBBL), the wholly-owned subsidiary of National Payments Corporation of India has introduced a unique functionality called ‘Unified Presentment Management System’ (UPMS).

Detailed explanation-2: -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.

Detailed explanation-3: -BBPS Address: National Payments Corporation of India 3rd Floor, Raheja Titanium, Western Express Highway, Goregoan-East.

Detailed explanation-4: -Bharat Bill Payment System (BBPS) is a RBI mandated system which offers integrated and interoperable bill payment services to customers across geographies with certainty, reliability and safety of transactions.

Detailed explanation-5: -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.