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

Please follow and like us:

Related Posts

NBCC Intimation Of Work Order Received By NBCC In Normal Course Of Business, Amounting Rs. 719.97 Crore (Approx.) #StockMarket #Investment #news #FinancialNews MARKET NBCC Intimation Of Work Order Received By NBCC In Normal Course Of Business, Amounting Rs. 719.97 Crore (Approx.) #StockMarket #Investment #news #FinancialNews MARKET

NBCC Intimation Of Work Order Received By NBCC In Normal Course Of Business, Amounting Rs. 719.97 Crore (Approx.) #StockMarket #Investment #news #FinancialNews MARKET NBCC Intimation […]

Exit mobile version