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      • Bharat Bill Payment Operating Units (BBPOUs): Banks (All Scheduled Commercial Banks including RRBs / Urban Cooperative Banks / State Cooperative Banks / District Central Cooperative Banks), non-bank Payment Aggregators (PAs) 1 and other existing entities authorised as BBPOUs can participate in BBPS as Operating Units.
      www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12616

      Notifications - Reserve Bank of India

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  3. www.rbi.org.in › Scripts › NotificationUserNotifications - Reserve Bank of India

    Feb 29, 2024 · Bharat Bill Payment Operating Units (BBPOUs): Banks (All Scheduled Commercial Banks including RRBs / Urban Cooperative Banks / State Cooperative Banks / District Central Cooperative Banks), non-bank Payment Aggregators (PAs) 1 and other existing entities authorised as BBPOUs can participate in BBPS as Operating Units. Banks and non-bank PAs ...

  4. bankingschool.co.in › indian-financial-system › inWhat is BBPOU under Bharat Bill Payment System

    Jan 3, 2024 · BBPOUs are the System Participants in the Bharat Bill Payment System (BBPS) BBPS. A BBPOU may function either as a Biller Operating Unit or a Customer Operating Unit or both. Bharat Bill Payment Operating Unit aka BBPOU can be categorised as Banking entities and non-banking entities.

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  6. taxguru.in › rbi › master-direction-reserve-bankMaster Direction: RBI (Bharat Bill Payment System) Directions ...

    Feb 29, 2024 · All Scheduled Commercial Banks including RRBs / Urban Cooperative Banks / State Cooperative Banks / District Central Cooperative Banks / NPCI Bharat Bill Pay Limited / Non-bank Payment System Participants. Dear Sir / Madam, Master Direction – Reserve Bank of India (Bharat Bill Payment System) Directions, 2024.

  7. www.mondaq.com › india › fund-financeRBI's Master Direction On Bharat Bill Payment System - Mondaq

    5 days ago · Bharat Bill Payment Operating Units ("BBPOUs"), which may either be a: Biller operating unit ("BOU"), which onboards billers directly or through biller aggregators on the BBPS platform; or; Customer operating unit ("COU") which onboards customers with a physical or digital interface to pay bills directly or through an agent institution. These ...

  8. www.rbi.org.in › Scripts › FS_PressReleasePress Releases - Reserve Bank of India

    The Reserve Bank of India today invited applications for authorisation from entities currently engaged in bill payments and desirous of operating as Bharat Bill Payment System Operating Units (BBPOUs) under the Bharat Bill Payment System (BBPS).

  9. www.npci.org.in › bharat-billpay-overviewBharat BillPay - one-stop ecosystem for all bill payments | NPCI

    National Payments Corporation of India (NPCI) has been authorized by RBI as the Bharat Bill Payment Central Unit (BBPCU) and is responsible for setting business standards, rules and procedures for technical and business requirements for all participants.

  10. www.rbi.org.in › commonman › UploadAuthorisation to operate as a Bharat Bill Payment Operating ...

    After operationalisation of BBPS and based on the experience gained, RBI will review the need for fresh applications for authorisation to operate as a BBPOU and also consider expanding the scope of domain experience for eligibility purposes and type of bill payments covered.