As per media sources, the upcoming regulation mandating credit card bill payments through Bharat Bill Payment System (#BBPS) from July is expected to be delayed as key card issuers like #HDFC Bank (20 million cards) and #Axis Bank (14 million) haven’t activated BBPS. While #RBI directed all credit card payments to be routed through BBPS after 30 June 2024, only 8 out of 34 card issuers have complied, thereby seeking an extension of 90 days As per media sources, the upcoming regulation mandating credit card bill payments through Bharat Bill Payment System (#BBPS) from July is expected to be delayed as key card issuers like #HDFC Bank (20 million cards) and #Axis Bank (14 million) haven’t activated BBPS. While #RBI directed all credit card payments to be routed through BBPS after 30 June 2024, only 8 out of 34 card issuers have complied, thereby seeking an extension of 90 days

Posted on by Raj Gaurav Rai

As per media sources, the upcoming regulation mandating credit card bill payments through Bharat Bill Payment System (#BBPS) from July is expected to be delayed as key card issuers like #HDFC Bank (20 million cards) and #Axis Bank (14 million) haven't activated BBPS. While #RBI directed all credit card payments to be routed through BBPS after 30 June 2024, only 8 out of 34 card issuers have complied, thereby seeking an extension of 90 days As per media sources, the upcoming regulation mandating credit card bill payments through Bharat Bill Payment System (#BBPS) from July is expected to be delayed as key card issuers like #HDFC Bank (20 million cards) and #Axis Bank (14 million) haven’t activated BBPS. While #RBI directed all credit card payments to be routed through BBPS after 30 June 2024, only 8 out of 34 card issuers have complied, thereby seeking an extension of 90 days

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