Bharat Bill Payment System (BPPS), at anytime anywhere bill payment system. Which of the following is/are correct?
1. The system will offer online, as well as on ground bill payment services to customers.
2. The services will include only the payment of utility bills such as electricity, gas and water.
3. Bharat Bill Payment System is intended for the implementation of a unified bill payment system across the country.
Which of the statements given above is/are correct?
Bharat Bill Payment System (BPPS), at anytime anywhere bill payment system. Which of the following is/are correct?
1. The system will offer online, as well as on ground bill payment services to customers.
2. The services will include only the payment of utility bills such as electricity, gas and water.
3. Bharat Bill Payment System is intended for the implementation of a unified bill payment system across the country.
Which of the statements given above is/are correct?
The correct option is B 1 and 3
RBI granted its approval to the National Payments Corporation of India, to function as the Bharat Bill Payment Central Unit (BBPCU), which will be the single authorized entity, operating the Bharat Bill Payment System. The system will offer online, as well as on ground bill payment services to customers. These services will include payment of utility bills such as electricity, gas and water for now. This will be extended to other types of repetitive payments such as school or university fees and municipal taxes.
It would enable the customers to pay the bills with the help of agents and getting instant confirmation of the payment made. School fees, municipal taxes and utility bills payments would become easier now.
This integrated bill payment system will comprise of two entities:
Entity operating at Bharat Bill Payment System (BBPS) will be setting up the standards related to payments, clearance and settlement process
Second entity would be Bharat Bill Payment Operating Units (BBPOUs). It will be carrying out the operations in adherence to the standards fixed by BBPS.
1 and 3
RBI granted its approval to the National Payments Corporation of India, to function as the Bharat Bill Payment Central Unit (BBPCU), which will be the single authorized entity, operating the Bharat Bill Payment System. The system will offer online, as well as on ground bill payment services to customers. These services will include payment of utility bills such as electricity, gas and water for now. This will be extended to other types of repetitive payments such as school or university fees and municipal taxes.
It would enable the customers to pay the bills with the help of agents and getting instant confirmation of the payment made. School fees, municipal taxes and utility bills payments would become easier now.
This integrated bill payment system will comprise of two entities:
Entity operating at Bharat Bill Payment System (BBPS) will be setting up the standards related to payments, clearance and settlement process
Second entity would be Bharat Bill Payment Operating Units (BBPOUs). It will be carrying out the operations in adherence to the standards fixed by BBPS.
