Canara bank launched two digital products: Bharat QR and Bharat Bill Payment System (BBPS) for online payments
The Canara Bank has recently launched two digital products: ‘Bharat QR’, a platform for payment settlement at merchant locations, and Bharat Bill Payment System (BBPS) is an integrated bill payment system for Net banking customers. The first service is a mobile application, which enables a merchant to accept payments as settlement for sale of goods or services. The second product (BBPS), an initiative of the RBI offers bill payment services to the bank’s net banking customers with network of agents.
Topics: Bank • Banking in India • Bharat Bill Payment System • Economy • Financial services • Money • National Payments Corporation of India • Online banking • Payment • Payment and settlement systems in India • Payment systems