.............In this backdrop, the RBI has proposed Bharat Bill Payment System (BBPS) with an objective to implement an integrated bill payment system and "offer interoperable and accessible bill payment service to customers through a network of agents, enabling multiple payment modes, and providing instant confirmation of payment. "Hence, it has been decided that the existing players in the online commerce segment catering to the requirements of bill payments as well as aggregation of payment services (in relation to bill payments) will be a part of BBPS," the RBI's draft guidelines said. ..........
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