The participants in the BBPS will include authorised entities, such as, the entity operating the BBPS itself, the BBPOUs as well as their agents, payment gateways, banks, billers and service providers, and other entities as required under the BBPS.

Road Ahead

♤ BPS certainly sounds like an awesome plan to ease bill payment mechanism, but there are lots of clarifications which are required from the RBI.

♤ RBI is currently seeking general public comments on Draft Guidelines for Implementation of Bharat Bill Payment System.