CURRENT AFFAIRS

2023

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

Canara Bank and NPCI Bharat Billpay launched a cross-border inward bill payment service for Indians for the first time in which country?

A	Fiji
B	Oman
C	Haiti
D	Finland

Explanation:

Detailed explanation-1: -For Indians living in Oman, Canara Bank and NPCI Bharat BillPay Ltd (NBBL) have announced the introduction of cross-border inward bill payment services.

Detailed explanation-2: -Bharat Bill Payment System (BBPS) The Bharat Bill Payment System is a Reserve Bank of India (RBI) conceptualised system driven by the NPCI.

Detailed explanation-3: -What is BBPS? 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-4: -BBPS was conceptualised by the Reserve Bank of India in 2013 and is a product of the National Payments Council of India (NPCI).

There is 1 question to complete.