Thursday, April 24, 2014

RBI panel moots centralised bill payment system

.........The report further said the standard setting role/ function has to be distinct from the operational aspects of the bill payments system.  "It is, therefore, recommended that the bill payments system follow a 'tiered structure' - the standard setting functions being carried out by a central body / agency (to be named as Bharat Bill Payment System - BBPS) with actual operations being carried out by multiple entities,".........

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