Mumbai, 28 August 2024: The Reserve Bank of India (RBI) Governor, Shaktikanta Das, today unveiled two innovative products developed by the National Payments Corporation of India (NPCI) at the Global Fintech Festival 2024. The new offerings, Bharat BillPay (BBPS) for Business and UPI Circle, are set to transform India’s digital payment landscape. BBPS for Business aims to simplify business-to-business (B2B) transactions by integrating with various ERPs and accounting platforms. UPI Circle introduces delegate payments, enhancing convenience and security. These solutions are poised to boost inclusivity and efficiency within India’s growing digital economy.
