RBI enables Bharat Bill Payment System (BBPS) to process cross-border inbound Bill Payments

RBI vide circular dated September 15, 2022 has Enabled Bharat Bill Payment System (BBPS) to process cross-border inbound Bill Payments. It has been decided to allow foreign inward remittances received under the Rupee Drawing Arrangement (RDA), to be transferred to the KYC compliant bank account of the biller (beneficiary) through Bharat Bill Payment System (BBPS), through electronic mode, such as, NEFT, IMPS.

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