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

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.

 

[Abhishek012]

NPCI is subsidiary of RBI i.e., Indirectly govt. owned company.

No, NPCI is fully 100% private company. There is no relation with RBI or Govt.

 

[Strange]

No, NPCI is fully 100% private company. There is no relation with RBI or Govt.

Jab NPCI ke major share holders Govt. banks hai fir ye 100% private company kaise ho gya?

 

[Trust Me]

No, NPCI is fully 100% private company. There is no relation with RBI or Govt.

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 ?!!!
.

 

[Abhishek012]

Jab NPCI ke major share holders Govt. banks hai fir ye 100% private company kaise ho gya?

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 ?!!!
.

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) -

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

NPCI - Sub Category - Non-govt company -

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

NBBL -

Company Sub Category

Non-govt company

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

NIPL -

Company Sub Category

Non-government company

Link - https://www.zaubacorp.com/company/NPCI-INTERNATIONAL-PAYMENTS-LIMITED/U67190MH2020PLC339220

 

[VISHESH_BANSAL]

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) -

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

NPCI - Sub Category - Non-govt company -

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

NBBL -

Company Sub Category

Non-govt company

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

NIPL -

Company Sub Category

Non-government company

Link - https://www.zaubacorp.com/company/NPCI-INTERNATIONAL-PAYMENTS-LIMITED/U67190MH2020PLC339220

@#aniket phir se lafda ho gaya Private Govt Public ka.

Jara pta karo kon kya hai🤣

 

[its_karan]

@#aniket phir se lafda ho gaya Private Govt Public ka.

Jara pta karo kon kya hai🤣

Ye lafda toh dekhela lagta hai

Kotak Myntra Credit Card with zero fee for upto 3 years

https://www.myntra.com/cbc/store

www.technofino.in

 

[pinki]

Ye lafda toh dekhela lagta hai

Kotak Myntra Credit Card with zero fee for upto 3 years

https://www.myntra.com/cbc/store

www.technofino.in

Masala pro max 😈😈😈 plus

 

[#aniket]

@#aniket phir se lafda ho gaya Private Govt Public ka.

Jara pta karo kon kya hai🤣

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?🤣

 

[Tejo]

Wikipedia me galat info hai bhai.

Jisko dekho Wikipedia ka source dekhata hai.

Ha, they just founded it

The promoters are banks and even abhishek 🤣

Wikipedia me update kardo na

 

[Abhishek012]

Ha, they just founded it

The promoters are banks and even abhishek 🤣

Wikipedia me update kardo na

Haha, Pahele mai he edit krta tha Wikipedia ka RuPay and UPI page, long time se nahi kiya update.

Aise yeh NPCI ka page ko maine kabhi edit nahi kiya.

 

[Esmail]

Can you still make payments of Axis Card if they did that?

Also, which apps use bbps?

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.

 

[GTSaketh]

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.

What if you don't have savings account in axis tho?

 

[Esmail]

What if you don't have savings account in axis tho?

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.

 

[harshgupta940]

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.

 

[PANK]

Any Effect on hdfc bill pay

 

[harshgupta940]

Any Effect on hdfc bill pay

Yes all the banks not supporting BBPS payments will be removed.

I think same will be the case with HDFC Billpay

 

[CardTox]

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::::::)))))))

 

[Strange]

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::::::)))))))

 

[opbamldg]

750/- short in MLY budget 😩

No because I think it's only for third party and Banks usually are never third party

 

[Wealth is my birth right!]

No because I think it's only for third party and Banks usually are never third party

Looks great as of now
On 2nd l’ve bill lets see practically