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      • Most major banks do not see the RBI direction to stop bilateral partnerships for credit card bill payments from July as an issue as around 70 percent of customers still use banking channels as the primary settlement method. The banking channels are bank websites and apps, apart from standing instructions for automatic bill payments.
      www.moneycontrol.com/technology/its-business-as-usual-for-banks-cred-though-bbps-deadline-for-credit-card-bill-payments-nears-article-12754949.html

      It's business as usual for banks, Cred, though BBPS deadline ...

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  3. timesofindia.indiatimes.com › business › indiaExplained: What are RBI’s new rules for credit card bill ...

    Jul 11, 2024 · RBI mandates new credit card bill payment system: Starting July 1, the Reserve Bank of India (RBI) has mandated that all banks process credit card bill payments through the Bharat Bill Payment System (BBPS). This move tightens regulations and aims to centralize and streamline the bill payment process across India.

  4. hellobanker.in › credit-card-bill-payment-newCredit Card Bill Payment New Rules: RBI issues new rules ...

    Jun 22, 2024 · Starting from July 1, a new regulation mandates that credit card bill payments must go through a centralized billing network such as Bharat Bill Payment System (BBPS). This has led to significant disruptions for fintech startups such as Cred, PhonePe, BillDesk, and Inbeam Avenues.

  5. www.moneycontrol.com › technology › its-business-asIt's business as usual for banks, Cred, though BBPS deadline ...

    Jun 24, 2024 · No BBPS impact on credit card bill payments. Most major banks do not see the RBI direction to stop bilateral partnerships for credit card bill payments from July as an issue as around 70...

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  7. www.financialexpress.com › business › bankingExplained | Bharat Bill Payment System – Why RBI wants all ...

    Jul 3, 2024 · The central bank announced that all credit card bill payments via third-party applications must now be routed through the Bharat Bill Payment System (BBPS), which is managed by the National...

  8. www.cnbctv18.com › personal-finance › credit-cardsCredit card bill payments via Cred, PhonePe may face issues ...

    Jun 24, 2024 · With the Reserve Bank of India's (RBI) new regulation coming into force from July 1, credit card bill payments will undergo some changes. Major fintech platforms like PhonePe, Cred, BillDesk, and Infibeam Avenues will be affected by this mandate requiring all credit card payments to be processed through the Bharat Bill Payment System (BBPS).

  9. nationnow.org › 2024/06/25 › rbi-issues-new-rulesRBI issues new rules for Credit Card Bill Payment effective ...

    Jun 25, 2024 · RBI has issued directives for all credit card payments that comes into operation from 1 July. After June 30, all credit card payments should be processed through Bharat Bill Payment System i.e. BBPS. As of now, HDFC Bank, ICICI Bank and Axis Bank have not activated the BBPS.

  10. www.livemint.com › news › indiaJuly 1 marks end of third-party app credit card payments for ...

    Jun 29, 2024 · The RBI (Reserve Bank of India) has made it mandatory to route all credit card bill payments by third party apps through NPCI’s BBPS from July 1. Though apps such as CRED and PhonePe are...