RBI Governor Launches Key Digital Payment Initiatives at Global Fintech Festival 2024
RBI Governor Launches Key Digital Payment Initiatives at Global Fintech Festival 2024
Launch includes BBPS for Business and UPI Circle
Mumbai, 28 August 2024: The Reserve Bank of India (RBI) Governor, Shri Shaktikanta Das,
today announced the launch of two new product offerings built by the National Payments
Corporation of India (NPCI) at the Global Fintech Festival (GFF) 2024. These new offerings
include Bharat BillPay (BBPS) for Business, designed to streamline business-to-business
(B2B) transactions across different ERPs and accounting platforms, and UPI Circle, which
enables delegate payments to users. These payment solutions are aimed to enhance
inclusivity, security, and efficiency of India’s digital payment ecosystem.
The launch took place in the presence of Shri Nan...