RBI Enables Bharat Bill Payment System to Allow Cross-Border Inbound Payments
The Reserve Bank of India (RBI) has enabled the Bharat Bill Payment System (BBPS) to process cross-border inbound payments for the non-resident Indians (NRIs). After the enabling of the inbound payment process, the NRIs no longer need to send money to the India-based accounts of their family members to pay utility bills in India.
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RBI Enables Bharat Bill Payment System to Allow Cross-Border Inbound Payments
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Reviewed by V. Kumar
on
September 15, 2022
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