National Payments Corporation of India (NPCI) Introduces Bharat Bill Payment System for Business UPI Circle at Global Fintech Fest 2024.

Banking & Finance

At the Global Fintech Fest 2024, the National Payments Corporation of India (NPCI) introduced the Bharat Bill Payment System (BBPS) for the Business UPI Circle. This new initiative aims to streamline and enhance bill payment processes for businesses, offering them a more efficient and secure way to manage payments. BBPS, which has already revolutionized consumer bill payments, is now extended to the Business UPI Circle, providing a unified platform for business transactions. This move is expected to further accelerate digital payment adoption across various industries, reinforcing India's position as a global leader in fintech innovation.


      BBPS integration into Business UPI Circle is expected to simplify large-scale bill payments for enterprises.

      NPCI's move strengthens digital infrastructure, encouraging more businesses to transition to cashless payment methods.

     

 

     


About NPCI,

CEO : Dilip Asbe
Headquarter : Mumbai
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