RBI expands BBPS coverage to all categories

Last Updated: Tue, Sep 17, 2019 14:22 hrs
Reserve Bank of India (PTI image)

Mumbai: The Reserve Bank of India on Monday expanded the Bharat Bill Payment System coverage to included all categories of billers, except prepaid recharges.

The move will aid in greater digitisation of cash-based bill payments.

Till now, BBPS, which is an interoperable platform for repetitive bill payments covered direct-to-home (DTH), electricity, gas, telecom and water bills.