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Non BBPS payments via 3rd party apps to be stopped by RBI forcing all banks to register as BBPS billers

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RBI has directed all CC payments to be made using BBPS only.

3rd party apps to stop non bbps card payments from 1st July onwards.

Banks who are not registered as a BBPS biller have been given time till 30th June but 90 days extension has been sought from RBI.
 

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Abhishek012 said:
No, NPCI is fully 100% private company. There is no relation with RBI or Govt.
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Puzzled!

An organisation that is a joint initiative of the Reserve Bank of India and the IBA, and has an RBI nominee in its board of directors and other directors representing many public sector banks, has no relation with the RBI and the Government ?!!!
.
 
Strange said:
Jab NPCI ke major share holders Govt. banks hai fir ye 100% private company kaise ho gya?
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Trust Me said:
Puzzled!

An organisation that is a joint initiative of the Reserve Bank of India and the IBA, and has an RBI nominee in its board of directors and other directors representing many public sector banks, has no relation with the RBI and the Government ?!!!
.
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The major shareholders may be PSU banks, but the govt does not have direct control.

You can compare NPCI with Visa/Mastercard, Like Visa/Mastercard, it is a private company.

NPCI, NIPL (NPCI International) and NBBL (formerly BBPS) all 3 companies/subsidiaries registered under non-govt entity.

You can read the work culture on NPCI here (You will understand yourself that this is a private company) -

the-ken.com

NPCI feels the pressure of repeating UPI’s success

The payments body made digital payments a household thing. But striking another UPI-like golden idea is far from simple
the-ken.com the-ken.com

NPCI - Sub Category - Non-govt company -

Link - https://cleartax.in/f/company/natio...ia/U74990MH2008NPL189067#:~:text=Sub Category

NBBL -

Company Sub CategoryNon-govt company

Link - https://www.zaubacorp.com/company/NPCI-BHARAT-BILLPAY-LIMITED/U67190MH2020PLC351595

NIPL -

Company Sub CategoryNon-government company

Link - https://www.zaubacorp.com/company/NPCI-INTERNATIONAL-PAYMENTS-LIMITED/U67190MH2020PLC339220
 
Abhishek012 said:
The major shareholders may be PSU banks, but the govt does not have direct control.

You can compare NPCI with Visa/Mastercard, Like Visa/Mastercard, it is a private company.

NPCI, NIPL (NPCI International) and NBBL (formerly BBPS) all 3 companies/subsidiaries registered under non-govt entity.

You can read the work culture on NPCI here (You will understand yourself that this is a private company) -

the-ken.com

NPCI feels the pressure of repeating UPI’s success

The payments body made digital payments a household thing. But striking another UPI-like golden idea is far from simple
the-ken.com the-ken.com

NPCI - Sub Category - Non-govt company -

Link - https://cleartax.in/f/company/national-payments-corporation-of-india/U74990MH2008NPL189067#:~:text=Sub Category

NBBL -

Company Sub CategoryNon-govt company

Link - https://www.zaubacorp.com/company/NPCI-BHARAT-BILLPAY-LIMITED/U67190MH2020PLC351595

NIPL -

Company Sub CategoryNon-government company

Link - https://www.zaubacorp.com/company/NPCI-INTERNATIONAL-PAYMENTS-LIMITED/U67190MH2020PLC339220
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@#aniket phir se lafda ho gaya Private Govt Public ka.

Jara pta karo kon kya hai🤣
 
VISHESH_BANSAL said:
@#aniket phir se lafda ho gaya Private Govt Public ka.

Jara pta karo kon kya hai🤣
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Kaun behas karein in sabse, mostly open minded rehte nahi hai, preconceived knowledge leke baith jatein hai faltu ka behesbaaji 🤡

No offence, lekin jo hai so hai

Jisko jo lagta hai lagein 😉 usee hamein kya, uss thread mein SBI Card ke case mein kitne pages bhar gaya tha firh bhi kuch farak pada kya? Jo yaha padega?🤣
 
GTSaketh said:
Can you still make payments of Axis Card if they did that?

Also, which apps use bbps?
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You can pay the Axis card bills directly through the Axis Bank mobile app if Axis doesn't register itself on BBPS network. If it does then third party apps which support BBPS will be able to allow Axis card payments.
Cred already supports utility bill payment through BBPS so wouldn't be an issue to make it live for CC as well. Cheq will have to move to BBPS to stay in the game.
 
Esmail said:
You can pay the Axis card bills directly through the Axis Bank mobile app if Axis doesn't register itself on BBPS network. If it does then third party apps which support BBPS will be able to allow Axis card payments.
Cred already supports utility bill payment through BBPS so wouldn't be an issue to make it live for CC as well. Cheq will have to move to BBPS to stay in the game.
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What if you don't have savings account in axis tho?
 
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GTSaketh said:
What if you don't have savings account in axis tho?
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You don't need a savings account in Axis the payment to the card will be done by Axis internal payment gateway using any third party payment source. It's just that those third parties can't directly pay to Axis from their platforms anymore but if the platform is Axis' own then it shouldn't be an issue to pay to the card through other sources.
 
How to pay HSBC CC bills if they don't enroll them into BBPS before the stipulated time given by RBI. Because AFAIK HSBC payments can be done in HSBC App only if you have their SA. And another option left is NEFT.
 
CardTox said:
Ary bhai itna hangama q hai barpa thodi si jo pi li hai!!!!! RBI saarkari sanstha hai, aur hamare desh me sarkari sanstha sirf order pass karti hen unki sunta koi nahi::::::🙂)))))))
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phir-hera-pheri-bhai-aapka-knowledge-toh-kamaal-ka-hai-bhai.gif
 
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